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?
It’s true to say that the number of AEO applications in the UK is well behind that of many EU member states. However, despite the shakeup of Brexit, it’s still likely that AEO will continue to be extremely beneficial to UK freight forwarders, shippers and importers – especially after the implementation of UCC. [Read more…]
As a freight forwarder, you will understand the need to operate within certain standard, regulations and legalities. Some certifications are legal documents and there are others that are voluntary, but they all show one thing – you are a serious player in the competitive world of export, import and international logistics.