As part of our BREXIT readiness programme, we have been granted AEO status by Irish Revenue.
AEO status is a certified standard authorisation issued by customs administrations in the European Union. It demonstrates that an economic operator has met certain standards in relation to:
· safety and security
· systems to manage commercial records
· compliance with customs rules
· financial solvency &
· practical standards of competence or professional qualifications
This is primarily a trade facilitation measure that recognises reliable operators and encourages best practice in the international supply chain. Benefits can be outlined as follows:
· recognition worldwide as safe, secure and compliant business partners in international trade
· lower risk scores in risk analysis systems when profiling
· priority treatment if physical controls are conducted
· mutual recognition of AEO programmes under Joint Customs Co-operation Agreements which could result in faster movement of goods through third country borders
· reduced data sets for entry and exit summary declarations
(this only applies to AEO safety and security)
· easier access to simplified procedures
· reduction or waiver of comprehensive guarantees