ASEAN Launches Action Plan To Facilitate Regional AEO Customs Clearance

0
45

The Association of Southeast Asian Nations (ASEAN) has launched a joint action plan to expedite customs clearance across the region. The ASEAN Authorised Economic Operator – Mutual Recognition Arrangement (AAMRA) will offer a number of benefits to businesses that are AEO validated by any ASEAN nation. Benefits include less documentation and cargo inspection, facilitation of domestics and overseas customs clearance, priority treatment if goods are picked for inspection, and faster customs clearance when there is trade disruption.

Also Read  Cambodia, Myanmar Race To Become Next Apparel Manufacturing Hubs

According to the official statement, all 10 ASEAN member states are expected to sign the AAMRA before the end of 2022. Under the joint action plan they have agreed to fully implement the AAMRA by 2025, with at least three states likely to implement the arrangement as early as by the second half of this year.

Also Read  Dubai's China-Backed Yiwu Market For Traders Opens On 28 June

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.