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Legal update

GACC and Uzbekistan Custom AEO Mutual Recognition Arrangement

Pubdate:2023.06.30 Source: Hit:391

On May 18, 2023, Yu Jianhua, minister of General Administration of Customs China (GACC), and Kudratov, minister of Investment Department of the Republic of Uzbekistan, signed the Arrangement between GACC and the Customs Committee under Ministry of Economy and Finance of the Republic of Uzbekistan on Mutual Recognition of the Program of Authorized Economic Operators (the “Arrangement”) at the China-Central Asia Summit, marking that GACC has become the first mutual recognition partner of Uzbekistan customs for AEO.

 

With the implementation of the Arrangement, AEO enterprises in both countries will enjoy a lower inspection rates for imported goods, priority inspection for goods requiring physical inspection, establishment of enterprise coordinators, priority customs clearance after international trade interruptions and resumption, and other facilitation measures to help AEO enterprises greatly compress cargo clearance time, significantly reduce enterprise storage, logistics and other trade costs, and further enhance the level of trade facilitation between the two countries.


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