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China, Uzbekistan implement AEO customs agreement

Updated: May 24, 2023 Source: Belt and Road Portal
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This photo taken on April 29, 2023 shows a view of the historical sites in Khiva, Uzbekistan. (Xinhua)

An agreement on mutual authorized economic operator (AEO) status signed between China and Uzbekistan went into effect on Monday, offering easier customs clearance for exporters from both countries, said the General Administration of Customs (GAC).

Upon the implementation of the agreement, China became Uzbekistan's first AEO mutual recognition partner, according to the GAC.

Under the agreement, companies that obtain the AEO status in the two countries will enjoy simplified customs procedures, such as reduced examination and prioritized clearance, which will significantly shorten customs clearance time and reduce warehouse and logistics costs.

China and Uzbekistan have been actively cooperating in many fields in recent years. The trade volume between the two countries totaled 65.13 billion yuan in 2022, up 25.2 percent year on year, statistics showed.

The AEO system, initiated by the World Customs Organization, is aimed at facilitating customs clearance for enterprises with outstanding records in terms of legal compliance, credit rating and safety.

Up to now, China had signed AEO agreements with 52 countries and regions including Singapore, the Republic of Korea and the European Union member states.

Editor: Jiang Feifan