China and Serbia have recently signed an agreement on mutual recognition of the "Authorized Operator" ( AEO ) system. This means that the level of security and facilitation of bilateral trade between China and Serbia will usher in a greater improvement.
According to the agreement, the convenient measures provided by the customs of China and Serbia to AEO companies of each other include: application of a lower document review rate; application of a lower inspection rate of imported goods; priority inspection of goods that require physical inspection; designation of customs liaison officers , Responsible for communicating and solving the problems encountered by project members in customs clearance; prioritize customs clearance after international trade is interrupted and restored.
It is worth mentioning that among the 17 countries in Central and Eastern Europe , 12 EU member states have launched AEO cooperation under the framework of the China-EU AEO Mutual Recognition Decision signed in 2014 . The China-Serbia AEO Mutual Recognition Agreement is the first AEO cooperation document signed between China and the remaining five non-EU member states . This is not only conducive to improving the level of security and facilitation of bilateral trade between China and Serbia, but also lays the foundation for promoting full coverage of AEO cooperation with 17 Central and Eastern European countries .
Customs statistics show that up to now, China Customs has achieved AEO mutual recognition with 43 countries and regions in 17 economies including Singapore, South Korea, and the European Unio , and the number of mutually recognized countries and regions ranks first in the world. China's exports to the aforementioned countries and regions have accounted for nearly 40% of the total exports.
(Source: Xinhuanet)
