AEO: Key to Faster Customs Clearance & Lower Trade Costs

What is AEO?

According to official news from the General Administration of Customs,on January 4,2023,the Chinese Customs recently signed an AEO mutual recognition arrangement with the Philippine Customs.The Chinese Customs has become the first AEO mutual recognition partner of the Philippine Customs.After the signing of the China - Philippines AEO Mutual Recognition Arrangement,the export goods of AEO enterprises in China and the Philippines will enjoy four convenience measures,such as a lower cargo inspection rate,priority inspection,designated customs liaison officer service,and priority clearance after the interruption and resumption of international trade.The cargo clearance time is expected to be significantly shortened,and port,insurance,and logistics costs will also be reduced accordingly.

As of now,China has signed AEO mutual recognition agreements with 23 economies,including Singapore,the EU,and South Africa,covering 49 countries (regions).Both the number of agreements signed and the number of mutually recognized countries (regions) rank first in the world.

The United States Filed an Application for Initiating an Anti - dumping and Counter - vailing Investigation on Cold - water Internal - combustion High - pressure Cleaning Machines