XVET GmbH is Certified as an Authorised Economic Operator (AEO)
- September 2, 2016
What are the benefits of AEO status?
AEO's will be recognised worldwide as safe, secure and compliant business partners in international trade
If physical controls are to be conducted AEO's will be given priority treatment
Mutual recognition of AEO programmes under Joint Customs Co-operation Agreements could result in faster movement of their goods through third country borders
Reduced data sets for entry and exit summary declarations – only for AEO safety and security
AEO's will be in a stronger position to benefit from simplified procedures
AEO's may not be required to provide financial security for some Customs procedures, e.g. Inward Processing or Customs Warehousing
AEO's may find it easier to qualify for a transit guarantee waiver as gaining AEO status fulfils some of the conditions required to receive a guarantee waiver
As a consequence of increasing their safety and security standards, traders may also benefit from the following:
Reduced theft and losses
Fewer delayed shipments
Improved planning
Reduced security and safety incidents
Reduced crime and vandalism
Improved security and communication between supply chain partners