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The “Agreement between the Government of the People’s Republic of China and the Government of the Republic of Serbia on the Mutual Recognition of the Enterprise Credit Management System of the General Administration of Customs of the People’s Republic of China and the “Certified Operator” System of the Customs Administration of the Ministry of Finance of the Republic of Serbia” was signed recently.

“Authorized Operator” is Authorized Economic Operator, usually abbreviated as AEO. In accordance with internationally accepted rules, the customs shall certify and approve enterprises with good credit status, law-abiding level and safety management level, and provide convenience for customs clearance to enterprises that have passed the certification. After China and Serbia Customs realize the mutual recognition of AEO, AEO enterprises’ goods can enjoy facilitation treatment in the customs clearance of the two countries, which can effectively reduce the trade costs of enterprises’ ports, insurance, logistics, etc., and enhance international competitiveness.

According to the Mutual Recognition 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 for goods that require physical inspection; designated customs The liaison officer is responsible for communicating and solving the problems encountered by project members during customs clearance; priority will be given to customs clearance after international trade is interrupted and restored.

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 five other non-EU member states. It is not only conducive to improving the level of security and facilitation of bilateral trade between China and Serbia, but also to promote AEO cooperation with 17 Central and Eastern European countries. Lay the foundation for full coverage.

Serbia is an important trading partner of my country in Central and Eastern Europe and a country along the “Belt and Road”. In recent years, the economic and trade exchanges between the two countries have been very close, and bilateral economic and trade development has been rapid. In 2020, the total trade value between China and Serbia was US$2.12 billion, a year-on-year increase of 52.3%. Among them, exports to Serbia were US$1.62 billion, a year-on-year increase of 57.3%; imports from Serbia were US$500 million, a year-on-year increase of 38%.

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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 Union, 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.

It is understood that China Customs is actively advancing the AEO mutual recognition consultations with Malaysia, Russia, Turkey, Georgia, Thailand and other important node countries of the “Belt and Road” and important trading countries such as Mexico, Norway, and Iceland, continuously expanding the scope of AEO mutual recognition. The majority of import and export enterprises strive for more convenience and enhance the facilitation level of domestic and foreign customs clearance for Chinese enterprises.

This article is reproduced from State Reading Network.

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Post time: Feb-19-2021