The growth of global trade and increasing security threats to the international movement of goods have forced customs administrations to shift their focus more and more to securing the international trade flow and away from the traditional task of collecting customs duties. Recognizing these developments, ATC Korea, drafted the Standards to Secure and Facilitate global trade (SAFE). In the framework, several standards are included that can assist Customs administrations in meeting these new challenges. Developing an Authorized Economic Operator program is a core part of SAFE.

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What is AEO?

AEO stands for “Authorized Economic Operator”, and an AEO means a company that the Korea Customs Service has officially certified ATC Logistics as an excellent business entity after examining its suitability as such in accordance with the authorization criteria of legal compliance, internal control system, financial solvency and security management.

ATC’s AEO Advantages

The introduction of the Authorized Economic Operator status resulted in Customs making a distinction between two categories of goods flows:

  • goods from certified enterprises, and

  • goods from non-certified enterprises

  • Customs offers specific facilities to certified enterprises.

ATC’s AEO permit benefits from:

  • fewer physical and document inspections

  • priority when selected for an inspection

  • inspections carried out at a specific address when the holder so requests

  • no inspection of criteria inspected earlier when an application for a permit is submitted

ATC’s Security and safety permit or a combined Customs Simplifications and Security and safety permit also benefit from:

  • advance notification of inspections

  • the submission of fewer data in summary declarations

  • recognition of the AEO Security and safety permit by other countries