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
