Mutual Recognition Agreement Customs

For companies active in international trade, two related terms , the AEO (AEO) and the Mutual Recognition Agreement (MRA) – are increasingly important. The OAS is considered a low-risk customs company and therefore receives preferential treatment by customs authorities when importing or exporting goods. Mutual recognition agreements are agreements between countries or trading blocs for the recognition of the other`s AOOs. Together, these classifications are intended to facilitate international trade for companies that meet the specific security of the supply chain and other requirements1. The U.S. S.C-TPAT is one of the largest. The EU-AEO programme, which includes two different qualifications, is another. EU companies, including the UK, can apply for a simplification of tariffs (AEOC) offering benefits such as simplified reporting and customs clearance procedures across the EU. You can also request aEOS (security) which requires compliance with supply chain safety standards and considers companies for MMAs between the EU and other countries. This article contains an introduction to AES and MMAs, including information on how international distributors obtain AEO status. (Note that there are also more specialized international agreements on technical standards for certain products, such as medicines3 and telecommunications equipment, which are discussed in this article. The ICC has developed a recommendation on mutual recognition, listing the main characteristics of each MRA in order to develop trade benefits: in 2019, the New Zealand Institute of Economic Research (NZIER) has drawn up two customs reports that examine the potential economic benefits of customs agreements: the ultimate goal should be the development of a multilateral mutual recognition agreement (MRA) to avoid the creation of new trade barriers. However, bilateral MRAs will remain a reality for some time.

To maximize the benefits of such an MRA, the WCO has developed MRA guidelines to support the development and implementation of such an MRA program. Through MRAs, companies can benefit not only from their own countries` customs authorities, but also from customs authorities in other countries. AEO authorization holders with the security component (AEO or AEOC/AEOS) are allowed to participate in mutual recognition. They must give written consent to the exchange of business data with partner countries (for example. B name, address, ID). Consent may be given by filling out the corresponding scope of the self-assessment questionnaire (SAQ) annex, but can be transmitted or revoked at any time at any time at the written request of the relevant customs authority of the relevant Eu-Eu Member State. The private sector makes mutual recognition the first tangible measure of trade facilitation, as they hope and believe that mutual recognition will avoid the costs of re-validation and inspection if two or more countries have agreed to recognize each other. The MRA-AEO agreements reduce the amount of work that customs services work. A nation`s compliance audit is completed even before the cargo leaves the home nation. The concept of the OAS, one of the main mechanisms made available to Customs in the interest of lawful trade and supply chain security, has been strengthened and strengthened in the North and South American region through customs efforts.