Recently, Chint Electric and Noark have respectively obtained the Customs’ AEO Advanced Certification Enterprise Certificate, marking an important achievement in the field of global trade globalization.
AEO stands for “Authorized Economic Operator“. The AEO system is advocated by the World Customs Organization. It certifies and recognizes enterprises with high levels of internal control, financial conditions, legal compliance and trade security, and provides customs clearance privileges to certified enterprises.
Senior certified enterprises can not only enjoy convenient customs clearance measures of Chinese customs, but also receive customs clearance privileges from 49 countries and regions that have signed AEO mutual recognition agreements with China.
In addition, according to the notice jointly issued by 40 ministries and commissions, including the National Development and Reform Commission, the People’s Bank of China, and the General Administration of Customs, titled “Memorandum of Cooperation on Joint Incentives for Customs Senior Certified Enterprises”, customs senior certified enterprises can enjoy more convenient or preferential policy measures in areas such as administrative approval, special construction project application, direct power trading, credit financing, financial fund utilization support, tax management, foreign exchange management, and advanced honor selection.
Companies that obtain customs AEO senior certification can enjoy preferential policies and convenient measures for priority customs clearance. It is estimated that CHINT Global can shorten its customs clearance time by 50%, and the average inspection rate can be reduced by 70%.
Additionally, it can also benefit from customs clearance conveniences offered by economies, countries, and regions that have already implemented AEO mutual recognition, significantly reducing trade costs in ports, terminals, logistics, and other links. This not only further promotes the legitimacy and compliance of import and export business, but also strengthens CHINT’s international influence.