GAC to promote foreign trade, expand global cooperation

China will deepen its cooperation with all parties concerned to promote the role of Authorized Economic Operator (AEO) agreements in facilitating both domestic and global companies' efforts to boost their foreign trade activities, said a customs official.

The AEO program is advocated by the World Customs Organization to strengthen international supply chain security and facilitate the movement of goods, said Lin Jiantian, director of the General Administration of Customs' Department of Enterprise Management and Audit-based Control.

Under its terms, Customs authorities from various regions will establish partnerships with industries to collaboratively cut barriers to Customs procedures and enhance international trade efficiency.

By the end of March of this year, China's GAC had signed AEO mutual recognition agreements with 26 economies, such as the European Union and South Africa, covering 52 countries and regions.