Authorised Economic Operator (AEO)
What is AEO?
Authorised Economic Operator (AEO) status is an internationally recognised quality mark that shows your:
- Role in the international supply chain is established and secure
- Custom controls and procedures are efficient and meet EU standards
It’s not mandatory but gives quicker access to some simplified customs procedures and, in some cases, the right to ‘fast track’ your shipments through some customs and safety and security procedures.
Changes to importing and exporting legislation brought in on 1st May 2016 meant that AEO status became increasingly important for all businesses operating in an international supply chain.
AEO status is internationally recognised. Accreditation will give your business the opportunity to expand within a network of accredited, vetted suppliers and transporters. You will be viewed as a trusted trader.
- Fewer customs checks
- Supply chain security
- Recognition globally
- Trusted Trader status
An AEO authorisation project spans across business units and procedures must be documented and evidenced. Only then should the application be submitted to HMRC, which will thoroughly audit the business before granting an approval.
“We were approached by one of our clients for Brexit Contingency planning. Following a full review the company’s processes and supply chain, they are now undergoing an AEO application and looking into setting up a Customs Warehouse to benefit them for the onward sales in the EU (Post Brexit) and rest of the world, avoiding paying unnecessary duties.”