Want to Apply for a Customs Procedure: Are You AEO-Ready?

Want to apply for a Customs Procedure Are you AEO ready - Blog Header

Customs Procedures become increasingly attractive to companies with higher exposure to duties as their business grows through expansion or as they try to enter new markets. Customs Procedures can greatly reduce the duty burden on a company, ensuring that duties are paid when goods are sold as opposed to when they are brought into the European Union or simply not paid because a destination outside the Union has been found for the goods.

Read More

Topics: Europe, AEO

How the Authorized Economic Operator (AEO) Program Can Help Your Company in the EU

AdobeStock_307134215

The introduction of the Authorized Economic Operator (AEO) program in the European Union in 2008 brought exponential growth in this supply chain security program that has slowed as it has matured and the pool of non-AEO traders has declined. That growth curve is documented in this EU AEO valid Authorizations per year chart.

Read More

Topics: Europe, AEO

Becoming an Authorized Economic Operator in the EU (AEO). Is It Worth It?

Becoming an AEO in the EU Is it Worth It - Blog Header

Acquiring an authorization, or as some would say, a certification proves that you have mastered a particular ability. You have spent time studying, understanding, and developing a skill set and are now authorized to apply that skill. You work towards these certifications throughout your life -- be it your Boy/Girl Scout badges, school diplomas, or your driving license.

Read More

Topics: Europe, AEO

Why Authorized Economic Operator (AEO) Is Increasingly Important to Enterprises in China

Why AEO is Increasingly Important to Enterprises in China Header

On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) came into force. RCEP members have a total population of 2.27 billion, a Gross Domestic Product (GDP) of 26 trillion US dollars, and a total export value of 5.2 trillion US dollars, accounting for about 30% of the global economy. After RCEP takes effect, more than 90% of the trade in goods among RCEP members will finally achieve 0% tariff.

Read More

Topics: Asia, AEO

Authorised Economic Operator Program in India

India

Objective of the AEO Program

Apart from revenue collection, Trade Security and Trade Facilitation are important areas for customs agencies around the world. In order to secure and facilitate the trade, the World Customs Organisation (WCO) has adopted the SAFE framework of standards in 2005, which includes the Authorized Economic Operator Program (AEO Program) as one of three key pillars. India, as a member of the WCO, has adopted the AEO Program through the Customs Act, 1962.

Read More

Topics: Asia, AEO