- #ECON AND ME PROGRAM 2 UPDATE#
- #ECON AND ME PROGRAM 2 FULL#
- #ECON AND ME PROGRAM 2 CODE#
- #ECON AND ME PROGRAM 2 PROFESSIONAL#
(Recognition as a secure and safe business partner, Improved relations with Customs and other government authorities Reduced theft and losses Fewer delayed shipments Improved planning Improved customer service Improved customer loyalty Lower inspection costs of suppliers and increased co-operation etc) Possibility to request a specific place for customs controls Priority treatment if selected for control Prior notification in case of selection for customs control (related to other customs legislation)
Prior notification in case of selection for physical control (related to safety and security) The AEO benefits, dependant on the type of the authorisation, are summarised in the table : BenefitĮasier admittance to customs simplificationsįewer physical and document-based controls AEO BenefitsĪEO benefits are an integral part of the EU legislation governing the AEO status. The AEO status granted by one Member State is recognised by the customs authorities in all Member States.
#ECON AND ME PROGRAM 2 PROFESSIONAL#
Proven practical standards of competence or professional qualifications.
#ECON AND ME PROGRAM 2 CODE#
On the basis of Article 39 of the Union Customs Code (UCC), the AEO status can be granted to any economic operator meeting the following common criteria: Conditions and criteriaĬompliance with customs legislation and taxation rules and absence of criminal offences related to the economic activity It covers economic operators authorised for customs simplification (AEOC), security and safety (AEOS) or a combination of the two.Īny economic operator established in the customs territory of the Union who is part of the international supply chain and is involved in customs-related operations, may apply for the AEO status. The programme, which aims to enhance international supply chain security and to facilitate legitimate trade, is open to all supply chain actors. This relationship must be based on the principles of mutual transparency, correctness, fairness and responsibility.Ī legal basis for it in 2008 through the 'security amendments' to the "Community Customs Code" (CCC) ( Regulation (EC) 648/2005) and its implementing provisions. This implies that there must always be a relationship between customs and the applicant/AEO.
The EU established its AEO concept based on the internationally recognised standards and is a partnership programme between the customs authority and the EO. Traders who voluntarily meet a range of criteria work in close cooperation with customs authorities to assure the common objective of supply chain security and are entitled to enjoy benefits throughout the EU.
#ECON AND ME PROGRAM 2 FULL#
Jan Eberly, Treasury Notes ()ĭownload the full packet of charts on the U.S. economy here: The U.S.The AEO concept is based on the Customs-to-Business partnership introduced by the World Customs Organisation (WCO). Today, we offer you a more in-depth look – in charts – at the data behind many of the key points he discussed and look forward to sharing similar briefings in the future." - Dr.
#ECON AND ME PROGRAM 2 UPDATE#
Earlier this month, in testimony before Congress on the President’s Budget, Secretary Geithner provided an update on the nation’s economic and financial health. And we face two interrelated fiscal imperatives: cutting deficits to stabilize the nation’s debt by the middle of the decade and making critical, targeted investments to fuel economic growth. However, we still face very significant economic challenges, particularly for households and families. Meanwhile, the cost of the government’s emergency response to the financial crisis is dramatically lower than anyone expected, which is welcome news for taxpayers. Exports, from agriculture to manufacturing, are growing. Businesses are ratcheting up investments and boosting productivity. Private employers have added 3.7 million jobs over the last 23 months. Despite the lingering effects of the crisis, despite severe cutbacks by state and local governments, despite all the headwinds from global markets, the economy has grown for 10 straight quarters. "After the worst financial crisis since the Great Depression, America’s economy is gradually getting stronger.
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