In some countries a waiver of security may need to be specified in national legislation.
Providing for a waiver of security, in either the national legislation or in other regulations, would
facilitate trade by reducing the costs to traders that are incurred in arranging for security. Since
these added costs would normally be reflected in the overall costs relating to the import/export
of goods, a waiver could also benefit the national economy. Similarly a waiver of security in
cases where there is a low risk of the obligations to the Customs not being met will not only
benefit the national economy but also reduce the administrative costs to the Customs
administrations.