AEO China-Brazil customs agreement facilitates exports

Chinese customs officials inspect cars about to “cross the ocean” for export to Brazil at the Jiangxi Jiangling Motors Import & Export facility. This is the first car lot in Jiangxi Province to benefit from a trade facilitation policy implemented through the new Authorized Economic Operator (AEO) status between China and Brazil.

The AEO was first instituted by the World Customs Organization. Under the agreement, companies that obtain AEO status will enjoy simplified customs procedures, such as reduced verification protocols and customs clearance priority, when exporting products to the other country.

The mutual recognition of the AEO agreement between China and Brazil went into force on January 1st, according to Yao Wei, director of the Nanchang Customs Department of Business Management and Inspection.

This is the second AEO mutual recognition agreement officially implemented by China in South America, after the agreement with Chile.

“The AEO Mutual Recognition Agreement has established a more convenient ‘green channel’ for auto exports,” said Ma Jun, director of foreign trade at Jiangxi Jiangling Motors Import & Export, adding that a series of facilitated measures will successfully enhance the company’s turnover and lower operating costs.

The AEO Mutual Recognition Agreement is regarded as a “golden card” for customs clearance of import and export goods.

Customs in China and Brazil will provide companies with a number of benefits, including a lower document review rate, a reduced inspection fee for import and export goods, priority inspection of goods that require physical inspection, the designation of liaison customs officers responsible for communicating and resolving issues encountered by AEO companies in the process, and customs clearance priority.

Furthermore, these companies will be given first priority for customs clearance following the resumption of international trade following a period of enhanced security alert, border closures, natural catastrophes, dangerous emergencies, or other serious mishaps.

Source: Monitor Mercantil

To read the full original article please visit: https://monitormercantil.com.br/acordo-alfandegario-de-aeo-china-brasil-facilita-a-exportacao/

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