Does the revised Kyoto Convention apply to all geographic regions?
The core principles of the Kyoto Convention have been developed for universal standardization and harmonization of Customs procedures. They apply in the territory of each Contracting Party that accedes to it regardless of their geographical location. International trade statistics reveal that economic growth and the volumes of imports and exports are increasing in all the different regions of the world. For example, during the last decade the South American continent saw 8.5 % average growth in volume of exports and 12.5 % for imports. This is one of the highest growth rates in the world. The revised Kyoto Convention is the ideal tool for harmonizing the elements of this trade, and thereby consolidating and expanding each Contracting Party s share of world trade. The certainty that can be offered by having standard procedures will further increase economic growth and international trade volumes.
