Authorized Economic Operators can enjoy benefits throughout the EU.
Today, the exchange of goods between the different corners of the planet is the daily lives for both companies and people. That is why a series of international laws and regulations emerged that regulate said activity and some international trade figures, considered responsible for executing these operations according to the scope of the Incoterms.
One of those figures that appears is the Authorized Economic Operator (AEO), and it is defined as an Economic Operator for customs operations and therefore, it can enjoy advantages throughout the European Union.
BENEFITS OF BEING AEO
The most relevant advantages of being an AEO is that the customs agents trust them, because they offer , compliance guarantees and professional skills, transparency and financial solvency, (requirements to be so), and the benefits will be the following:
- Less amount of physical and documentary checks.
- Priority in controls.
- Possibility of choosing the Customs inspection place.
- Ease of applications for simplified customs regimes (for AEOC).
- Reduced entry and exit summary declarations (for AEOS).
- Prior notification from Customs (for AEOS).
Being an Authorized Economic Operator can be any person, natural or legal, who is established in the customs territory of the European Union, regardless of the size of their business, and who, within the scope of their professional activities, carry out activities regulated by legislation customs.
At first, the most common operators will be the following:
- Freight forwarders
- Customs Representatives
- Importers Container Operators
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