• Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
Friday, May 9, 2025
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech

    Betterment Moves Beyond Robo-Advising With Human Financial Planners

    A Digital Media Startup Growing Up With Millennial Women

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Trump Didn’t Record Comey, White House Tells House Intel Panel

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Rap group call out publication for using their image in place of ‘gang’

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    Using A Mind Reading Device, ‘locked-in’ Patients Told Researchers They’re Happy

    Hong Kong’s Stock Market Tells the Story of China’s Growing Dominance

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel

    Republican Senator Vital to Health Bill’s Passage Won’t Support It

    Rap group call out publication for using their image in place of ‘gang’

    Barack Obama and Family Visit Balinese Paddy Fields During Vacation

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    This Secret Room In Mount Rushmore Is Having A Moment

    A Digital Media Startup Growing Up With Millennial Women

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
NEWSLETTER
-18 °c
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech

    Betterment Moves Beyond Robo-Advising With Human Financial Planners

    A Digital Media Startup Growing Up With Millennial Women

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Trump Didn’t Record Comey, White House Tells House Intel Panel

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Rap group call out publication for using their image in place of ‘gang’

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    Using A Mind Reading Device, ‘locked-in’ Patients Told Researchers They’re Happy

    Hong Kong’s Stock Market Tells the Story of China’s Growing Dominance

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel

    Republican Senator Vital to Health Bill’s Passage Won’t Support It

    Rap group call out publication for using their image in place of ‘gang’

    Barack Obama and Family Visit Balinese Paddy Fields During Vacation

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    This Secret Room In Mount Rushmore Is Having A Moment

    A Digital Media Startup Growing Up With Millennial Women

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
Home Foreign

China ranks first globally in number of AEO mutual recognition arrangements signed

by sharma
May 21, 2024
in Foreign
0 0
0
Share on FacebookShare on Twitter

Related posts

February 26, 2025

February 3, 2025

By Luo Shanshan, People’s Daily
The 6th World Customs Organization (WCO) Global Authorized Economic Operator (AEO) Conference was held in Shenzhen, south China’s Guangdong province from May 8 to 10. It marked the first time for China to host the event.
The conference, hosted by the WCO and co-hosted by the General Administration of Customs (GAC) of China and the municipal government of Shenzhen, was themed “harnessing the power of AEO programmes for inclusive and sustainable global trade.”
More than 1,200 delegates from customs, international organizations, AEO enterprises, governments agencies, academic institutions, and industry associations from over 100 countries and regions gathered at the event, with an aim to advance AEO mutual recognition and promote trade growth.
So far, China has signed AEO mutual recognition agreements with 28 economies including Singapore, the European Union and South Korea, which cover 54 countries and regions. Both numbers rank first globally.
The AEO program is a core system of the WCO Framework of Standards to Secure and Facilitate Global Trade, under which customs authorities certify companies based on the latter’s credit status, compliance records and security standards. As of the end of April this year, China was home to 5,882 AEO enterprises, whose foreign trade volume accounted for 36.3 percent of the national total.
“For enterprises, an AEO certificate not only means convenient customs clearance, but also serves as a prestigious endorsement,” said Sun Yunsong, customs manager of SF Express’ international supply chain business.
“With the assistance of Qianhai Customs under Shenzhen Customs, our company has finally obtained an AEO certificate. Certified enterprises have the highest credit rating from customs, and they can enjoy benefits such as fast customs clearance, low inspection rates, and international mutual recognition. AEO is also hailed as a ‘green pass’ and ‘golden signboard’ in global trade,” Sun said.
Under the guidance of Kunming Customs, Yuxi Walvax Biotechnology Co. Ltd. obtained an AEO certificate in November 2023.
“The frequency of cargo inspections has significantly decreased, and the overall export time has been compressed from nearly a month to a matter of days, greatly enhancing the company’s international market competitiveness,” said Yin Guoqing, head of the company’s international cooperation department.
In recent years, Chinese customs has implemented high-quality AEO facilitation measures to improve regulatory and service efficiency, allowing compliant companies to operate smoothly while reducing costs and increasing productivity.
According to reports, over the past two years, the average inspection rate for AEO enterprises was only 0.33 percent, 1/5 of that for conventionally managed companies, and AEO enterprises enjoyed expedited customs services 1.53 million times.
The AEO program is an important measure for customs to explore credit supervision, and promoting international AEO mutual recognition is an essential aspect of institutional opening up. After signing an AEO mutual recognition agreement, AEO enterprises recognized by one party can enjoy the same customs facilitation treatment as the recognized enterprises of the other party, which significantly reduces trade cooperation barriers and promotes international trade growth.
During the WCO Global AEO Conference, China signed AEO mutual recognition arrangements with Burundi and Iceland. According to the agreements, AEO enterprises from China and these two countries will enjoy four facilitation measures: lower inspection rates, priority inspections, designated customs liaison officer services, and prioritized clearance should trade be disrupted and resume.
Frederic Manirambona, commissioner of Customs Burundi, said that the agreement demonstrated the shared aspiration of the two countries to strengthen ties and promote cooperation on secure customs clearance and trade facilitation. Both sides will work together to create a more secure, efficient and predictable business environment for AEO enterprises, he added.
China is Iceland’s largest trading partner in Asia. The signing of the AEO mutual recognition agreement between the two countries marked a new stage in customs cooperation between them. Snorri Olsen, commissioner of Iceland Revenue and Customs, said that the development of friendly relations between Iceland and China is unstoppable though the two countries are geographically distant.
“In our globalized operations, we have benefited from the efficiency gains and facilitation policies provided by the AEO program. We are beneficiaries of and witnesses to the AEO program,” said Song Yiwen, president of the supply chain management department of technology company Honor, at the conference.
He hopes that customs authorities around the world would expand international AEO mutual recognition, continuously improve trade facilitation, and create a more open and collaborative AEO program, so as to bring benefits to all participants in global trade and achieve win-win outcomes.
Lin Jiantian, director of the GAC’s Department of Enterprise Management and Audit-based Control, said he hopes customs administrations of all WCO members could promote the implementation of the AEO program across a wider scope and in more countries and regions. He also called for facilitating mutual recognition of AEO enterprises among more countries and regions, in order to provide them with greater policy dividends.

sharma

sharma

No Result
View All Result

Newsletter

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
SUBSCRIBE

Category

  • Agriculture
  • Business
  • Centers Excellence
  • China
  • Covid-19
  • Education
  • Entertainment
  • Fashion
  • food
  • Foreign
  • Gaming
  • Health
  • Interview
  • Lifestyle
  • Movie
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Science
  • Special Projects
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In