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AEO buoys up trade between Yunnan, Australia

Updated:2017-12-29 09:04:01   english.yunnan.cn

The Customs Administration of China has officially signed an AEO (Authorized Economic Operator) mutual recognition arrangement with the Australian Immigration and Border Protection Department. This will further enhance the safety and convenience of Yunnan Province’s trade with Australia.

From January to October, 2017, a total of 29 Yunnan enterprises conducted import and export business with Austria, valued at 2.6 billion yuan in total. Yunnan mainly exported chemical fertilizers, chemical products and tobacco to Austria and imported minerals, precious metals and wool products.

For a Chinese AEO enterprise exporting goods to mutually recognized countries and regions, the inspection rate reduces by 60-80%, and the time and cost in customs clearance decreases by more than 50%, according to statistics. 

Keywords:   AEO Yunnan Australia
Editor: Eric Wang