Tax & Accounting Blog

A Global Perspective of the Authorized Economic Operator (AEO) Program

A Global Perspective of the Authorized Economic Operator (AEO) Program

Today global trade is growing with a speed not seen before and with this significant growth, there raises security concerns for customs authorities around the world. Historically, customs authorities have been primarily involved in two activities: the regulation of trade to/from country or region and the collection of customs duties and taxes. Where trade volume … Read More

China New Authorized Economic Operator System

China New Authorized Economic Operator System

China Customs changed its Authorized Economic Operator (AEO) classification system last year.  In general, the revised regulations simplify processes and make it easier for new companies entering China to qualify for simplified customs procedures.  The new rules also bring China’s system into closer alignment with AEO legislations outlined in the WCO framework leading to greater … Read More