Overview of AEO concept

Question 1

AEO stands for?

Answer 1

Authorised Economic Operator

Question 2

AEO definition

Answer 2

An economic operator that can demonstrate high levels of trade compliance

Question 3

5 x AEO standards

Answer 3

1 - Absence of serious infringements.
2 - High level control over operations
3 - Financial Solvency
4 - Practical standards or Qualifications
5 - Security an safety standards of application is for AEOS

Question 4

2 x AEO status

Answer 4

AEOC - For customs simplifications
AEOS - For Safety and Security

Question 5

In addition, AEOs that are involved in exports will benefit from?

Answer 5

Mutual Recognition Agreements (MRAs) that UK has negotiated with other countries.

Question 6

What was the catalyst for AEO requirements?

Answer 6

September 11th, Increased security on imports. Pre-notification of goods

Question 7

WTO organisation TFA agreement incorporating AEO status came in to affect when?

Answer 7

2017

Question 8

WTO article 7, Section 7 reads

Answer 8

Trade Facilitation for Authorised Operators

Question 9

AE concept based on what

Answer 9

The supply chain

Manufacturer, Exporter, Forwarder, Warehouse Keeper, Customs Agent, Carrier, Importer