ICC Recommendations on Authorized Economic Operators
The World Customs Organization (WCO) developed the WCO Framework of Standards to Secure and Facilitate Global Trade (SAFE), of which the Authorized Economic Operator (AEO) program is an integral part, referring to manufacturers, importers, exporters, brokers, carriers, consolidators, intermediaries, ports, airports, terminal operators, integrated operators, warehouses, distributors, and others that have been approved by or on behalf of a national Customs administration as complying with WCO or equivalent supply chain security standards. AEO accreditation provides several benefits, including immediate release procedures self-assessment, and relief from guarantee/bond requirements. With AEO programs globally on the rise, the International Chamber of Commerce has put together several recommendations for successful AEO programs that lead to tangible benefits and process improvements for companies of all sizes and sectors, without limiting opportunities for non-AEO traders.
Author: ICC Commission on Customs and Trade Facilitation
Tags: Customs, Trade Facilitation, WCO