Getting AEO Status: Benefits of AEO Compliance Improvement Tools

AEO stands for Authorised Economic Operator status. It’s a certified standard issued by a Customs Administration.  The issue of either one of the three AEO certificates means that a company in supply chain has met certain criteria for management systems, compliance with custom rules, ongoing solvency and safety and security.  The certification of AEO status issued by any Member States Customs Administration is recognised throughout European Union. At present, AEOS and AEOF certificates are also recognised by Japan and the United States of America. Following are some important benefits of getting an Authorised Economic Operator (AEO) status.

•    Authorised Economic Operators (AEO) status reduces your risk score in risk analysis systems.

•    Authorised Economic Operators are given preference for physical controls.

•    Mutual Recognition Agreements of AEO programmes lead to faster movement of their goods through certain third country borders.

•    Reduced data sets for entry and exit summary declarations – only for AEO safety and security

•    Authorised Economic Operators enjoy the simplified procedures.

•    Authorised Economic Operators don’t need to give financial security for a few custom procedures such as inward processing or specific types of custom warehousing. 

•    For Authorised Economic Operators, it is easier to qualify for a transit guarantee waiver since getting AEO status fulfills a few conditions needed to get a guarantee waiver. 

Once you get an Authorised Economic Operator (AEO) status, it is your responsibility to make sure that you strictly comply with all AEO Supply Chain Safety and Security rules and regulations.  Also, you are liable to regular AEO Compliance Audits.  Prep4Audit provides AEO Compliance Improvement Tools in Word and Excel for $199.99.

The Product Sets of Prep4Audit cover the European Union’s Section I.2.5 and Safety and Security requirements for AEO-defined supply chain member categories. The products sets also include a Compliance Plan Template (Word) and a Compliance Tracking Worksheet (Excel).