Okuzeka
International Trade vocabulary · Customs and Tariffs

AEO

Meaning in international trade, with examples

abbreviationAdvanced term

In international trade, AEO means: Authorised Economic Operator: a status that customs gives to reliable companies that meet security standards, which then benefit from simpler procedures and fewer inspections.

In Turkish: yetkilendirilmiş yükümlü, YYS

How it is used

Based on the World Customs Organization's SAFE Framework and used in the EU, Turkey and many other countries, sometimes with mutual recognition between them. Companies apply, pass an audit and then hold an AEO certificate. US spelling: Authorized.

Example sentences

  1. As an AEO, we have fewer physical inspections at the border.

  2. Our European customer asked whether we hold AEO status.

Common collocations

  • AEO status
  • AEO certificate
  • apply for AEO
  • AEO mutual recognition
  • customs clearanceThe process of completing all customs formalities and paying any duties so that goods are allowed to leave or enter a country.
  • customsThe government authority that controls goods entering and leaving a country, collects duties and taxes and checks that the rules are followed; also the place where this happens.
  • customs declarationThe official form, usually submitted electronically, in which a company tells customs what goods it is importing or exporting, with their value, origin and classification.
  • customs brokerA licensed professional or company that prepares customs declarations and handles clearance on behalf of importers and exporters.

More terms: Customs and Tariffs

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