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BRICS to Establish Unified Authorized Economic Operator System_11zon

BRICS Nations to Launch Unified Authorized Economic Operator System

eBrics by eBrics
8 months ago
in BRICS News
Reading Time: 2 mins read
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The BRICS nations are set to establish a unified institution of Authorized Economic Operators (AEO) to streamline customs processes across the bloc, according to Sergey Shkliaev, Deputy Head of the Russian Federal Customs Service. The AEO status grants companies recognized as reliable by customs authorities simplified customs procedures, making it easier for them to conduct international trade.

Following a meeting of BRICS customs heads, all participating countries signed a joint document outlining the formation of this institution, Shkliaev confirmed. The discussion also focused on critical issues such as the digitalization of customs administration, institutional development, and law enforcement cooperation, which are key to enhancing customs services interaction within the bloc.

In addition, BRICS countries are working toward finalizing a joint agreement on mutual assistance in customs affairs. While four member countries have already completed the internal processes for the agreement, India is in the final stages of internal review. Shkliaev urged BRICS members to expedite their work on this document to further unify customs operations.

During the meeting, members discussed an exchange of customs experiences, with Ethiopia proposing the establishment of a BRICS customs academy. The proposal received broad support, and in the interim, all BRICS nations expressed their willingness to exchange officials and conduct specialized training through existing educational institutions.

Shkliaev emphasized that the primary objective is to create unified approaches to customs administration across all BRICS member states, which will simplify trade and improve efficiency in the long term.

Tags: authorized economic operatorBRICSglobal trade
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