We uphold the highest of standards for our clients and stakeholders, demonstrating that our global supply chain practices are compliant.
What is an Authorised Economic Operator?
An Authorised Economic Operator (AEO) is an organisation that is approved to move goods from one country to another. It is a legal designation which means that the organisation has been approved by the government for specific economic activities.
In order to be designated as an AEO, the company must provide a number of documents and information about their business. This information includes a list of all of its branches and subsidiaries, proof of capital, details on any non-EEA countries they trade in, and proof that they have adequate resources to deal with customs procedures. Once they have submitted this information, it will be assessed by the relevant government department before being designated as an AEO.
The benefits of storing your product with an accredited Authorised Economic Operator
- The ability to import and export goods without the need for customs declarations.
- The ability to use simplified procedures for customs formalities.
- Reduced administrative burden when importing goods.
- Reduced administrative burden when exporting goods.
- An increased capacity to trade internationally.
- Increased competitiveness in global markets through facilitated trade with other countries and regions.
- A higher level of security for business operations by complying with international standards and regulations on security, health and safety, environmental protection, social responsibility, etc.
TEPS has delivered a number of stringent programmes to ensure we are AEO compliant, which has been created by the World Customs Organization (WCO).
