GAC to promote foreign trade, expand global cooperation

Source: chinadaily.com.cn

16:05 | 15/05/2024 World Customs Follow english.haiquanonline.com.vn on

VCN - China will deepen its cooperation with all parties concerned to promote the role of Authorized Economic Operator (AEO) agreements in facilitating both domestic and global companies' efforts to boost their foreign trade activities, said a customs official.

	Foreign trade may hit record of 780 billion USD in 2022
	Exploring new markets expected to fuel foreign trade
	Authorities warn of risks from loopholes in foreign trade process

GAC to promote foreign trade, expand global cooperation

The AEO program is advocated by the World Customs Organization to strengthen international supply chain security and facilitate the movement of goods, said Lin Jiantian, director of the General Administration of Customs' Department of Enterprise Management and Audit-based Control.

Under its terms, Customs authorities from various regions will establish partnerships with industries to collaboratively cut barriers to Customs procedures and enhance international trade efficiency.

By the end of March of this year, China's GAC had signed AEO mutual recognition agreements with 26 economies, such as the European Union and South Africa, covering 52 countries and regions.

Source: chinadaily.com.cn

Tags:

AEO China customs GAC General Administration of Customs (GAC) International trade global cooperation

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