New EU legislation came into force on January 1, 2008 introducing the status of Authorised Economic Operator (AEO). This is part of a series of wider EU initiatives aimed at improving the security of the international supply chain as well as facilitating trade for legitimate traders. Companies can now apply for a certified status that will enable them to be recognised across all member states as a reliable, compliant and secure trader. This status will give access to customs simplifications and trade facilitation with regard to security and safety customs controls. Not only will this make dealing with Customs more efficient and cost effective, it can also offer many additional commercial benefits.

Any company which carries out activities covered by Customs legislation that forms part of the international supply chain will be affected. This includes importers, exporters, manufacturers, warehouse keepers, carriers, freight forwarders, customs agents and indeed any other player within the supply chain.

Although the AEO is a voluntary programme, for those companies who want to continue to benefit from simplified Customs clearance and eventual centralised clearance in the European Union, the AEO certificate will become increasingly necessary before 2010.

With five months being the average time for obtaining the AEO certificate, we recommend that European companies begin the preparatory process right now.

Cotecna can assist with the preparation, completing the application and supporting you throughout the process of verification.

To find out more about AEO, click for our AEO FAQs.

Click to find out more about the benefits of AEO.

Click to find out more about how Cotecna can help your business obtain AEO status.

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