China Expands AEO Agreements
In 2018 China and Japan agreed on mutual Authorized Economic Operator (AEO) status. This agreement will go into effect on June 1st. In April the Chinese government signed a similar agreement with Uruguay.
China already had AEO agreements with 36 countries and regions, like Singapore, the Republic of Korea, the European Union, and Switzerland, and New Zealand.
AEO agreements make it easier to trade between countries. Customs procedures are simplified, clearance is prioritized and there are fewer checks needed for AEO Certified companies and agents.
What is an Authorized Economic Operator?
According to the World Customs Organization that initiated the AEO certification, an Authorized Economic Operator is:
a party involved in the international movement of goods in whatever function that has been approved by or on behalf of a national Customs administration as complying with WCO or equivalent supply chain security standards. Authorized Economic Operators include inter alia manufacturers, importers, exporters, brokers, carriers, consolidators, intermediaries, ports, airports, terminal operators, integrated operators, warehouses and distributors.
The Benefits of AEO Certification
Please see my earlier post, if you want to know more about the benefits of AEO certification.
Customs Support Group is AEO certified. Contact one of our specialists for more information on how we can ensure a smooth import or export of your product.