In fact, the balance between "blind trust" and monitoring to compensate for the lack of such trust constantly shifts when parties apply mutual recognition arrangements
. To be successful, parties engaged in mutual recognition arrangements
must build trust through transparency, sustained exchange, monitoring, and (in the case of developing countries) capacity building.
NABL is a signatory to ILAC as well as APLAC Mutual Recognition Arrangements
(MRA), which are based on mutual evaluation and acceptance of other MRA Partner laboratory accreditation systems.
These programs include the accreditation of Certified Public Accountants in academe, in commerce and industry, and in public practice; information campaigns to raise awareness about the Asean Mutual Recognition Arrangement
and its impact on Philippine accountancy services; the revision of the curriculum in Accountancy education; and the reconfiguration of the country's CPA licensure examinations.
Kamran Ali Qureshi, Federal Secretary Ministry of Science of Technology, graced the occasion as the cheif guest, acknowledged the achievements made by PNAC like Mutual Recognition Arrangement
(MRA) from International Laboratory Accreditation Cooperation and Multilateral Recognition Arrangement (MLA) from International Accreditation Forum.
"Maintaining the desired level of competence at accredited labs as well as at the level of PNAC is essential because the peer evaluation team of relevant regional and international agencies critically look in to conduct of these bodies before accepting PNAC as Mutual Recognition Arrangement
(MRA) member", the Director General added.
A major achievement was the signing of an ILAC Mutual Recognition Arrangement
(MRA) by the National Voluntary Laboratory Accreditation Program (NVLAP) and 36 other laboratory accreditation bodies from a total of 28 economies around the world.
The rollout of the Quality Assurance Review, the update of the Accountancy Law, and the implementation of the Asean Mutual Recognition Arrangement
have long been in gestation.
'The program has three components namely: cargo security system, which will ensure the integrity and security of the imported good; trade clearance system that enables highly compliant stakeholders to clear their goods with minimum customs border intervention; and mutual recognition arrangement
(MRA), which sets process to implement and maintain mutual recognition between two or more customs administrations,' the BOC said.
PNAC has achieved Mutual Recognition Arrangement
(MRA) from Asia Pacific Laboratory Accreditation Cooperation (APLAC) and International Laboratory Accreditation Cooperation (ILAC)," he added.
31, 2001--the starting date for a recently signed "mutual recognition arrangement
" among accreditation bodies in 28 economies.
These CABs will provide test data responding to Canadian requirements under the terms of Phase I of the Asia Pacific Economic Cooperation (APEC) Mutual Recognition Arrangement
(MRA) on Telecommunica-tions Equipment.