Authorized Economic Operator (AEO)
In June 2005, the World Customs Organization (the “WCO”) adopted the SAFE Framework of Standards to Secure and Facilitate Global Trade (the “SAFE Framework”) to function as a deterrent to international terrorism, secure revenue collections, and promote trade facilitation worldwide. The SAFE Framework introduced modern supply chain security standards and has led to a new approach to the end-to-end management of goods moving across borders, while simultaneously recognizing the significance of a closer partnership between Customs and private businesses.
As part of the SAFE Framework, the WCO created the designation of “Authorized Economic Operator (“AEO”), which is defined by the SAFE Framework as a party involved in the international movement of goods (in whatever function) that has been approved by, or on behalf of, a national customs administration as complying with WCO or equivalent supply chain security standards. The United States operates a similar program, which is called CTPAT (the Customs-Trade Partnership Against Terrorism).
In short, an AEO satisfies criteria such as Customs compliance and appropriate security and safety standards. GTAC’s consultants are ready to assist your company with compliance issues, the implementation of appropriate security and safety standards, audits, and similar operations; we will partner with you during every step of the project.
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