Customs system gets EC go-ahead

A SHAKE-UP of custom procedures within the EU has been proposed, with the introduction of a computer- based system designed to reduce costs for business and tackle counterfeiting and VAT fraud.

It could be operational by 2012 at a cost of up to €100 million, borne by member states, but would reduce costs by €2.5 billion a year.

Easier exporting procedures should increase the value of trade by €50bn across the EU.