SEOUL – In cooperation with the Korea Customs Service, the 4th GTI AEO (Authorized Economic Operator)* Working Group Meeting was held in Seoul, Republic of KOREA during December 6-8, 2017.
The aim of the meeting was to review all the remaining provisions of the drafted standardized AEO Mutual Recognition Arrangement (MRA) Text and discuss the plans for AEO cooperation under the GTI framework.
Upon the successful conclusion of the 4th GTI AEO Working Group Meeting, the participants adopted both the drafted standardized AEO MRA Text and the Briefing Paper - an information note that elaborates on the details of each member’s AEO system - as the final outputs and recommendations from the project to further advance AEO cooperation within GTI.
The “AEO Cooperation Scheme among Customs Administration” project was adopted as to explore the benefits of AEO program in facilitating intra-regional trade by the GTI members in 2016, and is expected to conclude by the end of January 2018.
*Authorized Economic Operator (AEO) is defined by the WCO SAFE Framework of Standards as a party involved in the international movement of goods, in whatever function, that has been approved by, or on behalf of, a national Customs administration as complying with WCO or equivalent supply chain security standards.