Highlighting your strengths to potential trade partners and current customers is essential for any business, but for one involved in exporting and international trade, it is paramount. If you could reassure trade partners as to your reliability and trustworthiness bot in operation and financial matters, how would you do it?Authorised Economic Operator (AEO) status does exactly that: it shows customers and trade partners that your role within the international supply chain is secure and highlights efficient and compliant customs controls and procedures. [Read more…]
An Authorised Economic Operator (AEO) company is an economic operator who, according to the UK Government factsheet, satisfies certain criteria – meaning they are considered to be a company that is reliable in their ‘customs related operations’ through the European Union (EU).Meeting these criteria mean that as an AEO certified company, you are entitled to certain benefits when it comes to trading and moving goods throughout the EU. This may see you enjoy easier access to certain customs simplifications, special procedures and so on. Applying for AEO status should not be too onerous a task for a business, providing that you have thought about the process beforehand. So what should you be asking of your business before you apply for AEO status? And who can help you attain this credible status with European trade partners? [Read more…]
AEO, otherwise known as Authorised Economic Operator, is a quality mark that is recognised all over the world, and it seems that more and more countries are realising just how important this is. AEO status shows that your business or organisation’s role in the global supply chain is secure, and that you have compliant and efficient customs procedures and controls. Hong Kong and Japan are the latest countries to acknowledge the importance of AEO status. Mr Roy Tang, the Commissioner of Customs and Excise in Hong Kong, and Mr Mikio Kajikawa, Japan’s Director General of Customs and Tariff Bureau of Ministry of Finance, both met last week, on August 23rd, so that they could recognise Authorised Economic Operator Programmes. [Read more…]
According to the European Commission’s own figures, in 2015 the value of global trade came to almost €24 trillion and with more countries both in the EU and otherwise signing up to the AEO scheme it seems more than logical for your organisation to join. [Read more…]
‘AEO’, or Authorised Economic Operator, a quality mark that is recognised across the globe, indicates that your role in the global supply chain is secure, and that you have compliant and efficient procedures and customs controls. While it is not mandatory to have AEO status, there are many benefits associated with doing so. These include waivers or reductions of comprehensive guarantees, and a quicker process of application when it comes to customs authorisations and simplifications. Nevertheless, there are numerous steps you need to take to apply for AEO status, One of these steps is the provision of financial records, so read on to discover why this is important. [Read more…]
There has been a huge amount of speculation around what Britain’s exit from the European Union will mean for the country as a whole. There’s no doubt that some things will be subject to enormous change, whilst others will continue much as before. But what those involved in the import and export industry want to know is – how will it affect them?