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.
How do your trade partners know you can be relied upon? Is it through a relationship, painstakingly built over a number of years? How do you attract new trading partners, convincing them you are a reliable, trustworthy business to deal with? Whereas as once a ‘gentleman’s word’ was good enough to base a business deal worth thousands, today modern businesses here in the UK and across Europe and the world are looking for something a little more concrete. You need to be convinced that you are dealing with the right people. And this, says the British International Freight Association (BIFA), is the reason why a business acquiring Authorised Economic Operator (AEO) status has become more important in recent months.