China And Belarus Customs AEO Mutual Recognition Is Officially Implemented
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On July 24, China and Belarus implemented the mutual recognition of AEO. China and Belarus mutually gave preferential and convenient measures each other's AEO enterprises, which significantly improved the cross-border customs clearance efficiency of the two countries, reduced customs clearance time and reduced trade costs, which also marked the “Belt and Road” AEO mutual recognition speeds up.
AEO is the abbreviation for Authorized Economic Operator.
The AEO system is a system advocated by the World Customs Organization that carry out certification for enterprises on credit status, legal and safety level, and provide preferential customs clearance for certified enterprises. After the mutual recognition of China-Belarus Customs AEO, they will give each other AEO companies a reduction in document review, a lower inspection rate, priority inspection of goods that need to be inspected, and designated customs liaisons to be responsible for immediate communication to resolve the problem of AEO enterprises encountered in customs clearance, implement fast customs clearance included in the international trade disruption and custom clearance priority after restore, total five convenience measures, to improve the level of facilitation of trade between China and Belarus.
Belarus is a member of the Eurasian Economic Union and an important trading partner of China.
According to statistics, from January to June 2019, the total import and export volume of China and Belarus totaled 1.291 billion US dollars, a year-on-year increase of 69.8%. In the same period, a total of 5,258 Chinese companies had export business to Belarus, including 141 senior AEO companies, accounting for 9.2% of China's total exports to Belarus.
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