Xinhuanet

China, Switzerland sign AEO agreement

Source: Xinhua 2017-01-28 13:57:04

BEIJING, Jan. 28 (Xinhua) -- China and Switzerland have signed a customs agreement on mutual authorized economic operator (AEO) status, a move that will further boost bilateral trade and economic cooperation, the country's top customs authority said on Saturday.

Chinese companies that obtain the AEO status will enjoy the same simplified customs procedures as native Swiss companies when their products enter Switzerland, the General Administration of Customs said in a statement on its website.

According to the World Customs Organization (WCO), an AEO is an organization or company involved in the international movement of goods that has been certified by, or on behalf of, a national customs administration and complies with WCO or equivalent supply chain security standards.

China and Switzerland launched AEO negotiations at the start of 2015, and finally reached the agreement this month after three rounds of talks.

AEO programs are expected to play a key role in boosting the country's exports amid sluggish global demand, according the statement.

China's exports dipped 2 percent year on year to 13.84 trillion yuan last year, while imports rose 0.6 percent from one year earlier to 10.49 trillion yuan.

 
China, Switzerland sign AEO agreement
                 Source: Xinhua | 2017-01-28 13:57:04 | Editor: huaxia

BEIJING, Jan. 28 (Xinhua) -- China and Switzerland have signed a customs agreement on mutual authorized economic operator (AEO) status, a move that will further boost bilateral trade and economic cooperation, the country's top customs authority said on Saturday.

Chinese companies that obtain the AEO status will enjoy the same simplified customs procedures as native Swiss companies when their products enter Switzerland, the General Administration of Customs said in a statement on its website.

According to the World Customs Organization (WCO), an AEO is an organization or company involved in the international movement of goods that has been certified by, or on behalf of, a national customs administration and complies with WCO or equivalent supply chain security standards.

China and Switzerland launched AEO negotiations at the start of 2015, and finally reached the agreement this month after three rounds of talks.

AEO programs are expected to play a key role in boosting the country's exports amid sluggish global demand, according the statement.

China's exports dipped 2 percent year on year to 13.84 trillion yuan last year, while imports rose 0.6 percent from one year earlier to 10.49 trillion yuan.

分享
Interview: Swiss economic minister praises China-Switzerland win-win partnership
Spotlight: Xi's Switzerland tour shows Chinese wisdom, confidence in face of sluggish global economy, anti-globalization sentiment
Thomas Bach takes interview with Xinhua in Switzerland
Spotlight: Switzerland tour throws limelight on Xi's global vision and charisma
Chinese president returns from Switzerland tour
Macao's twin panda cubs celebrate Chinese Lunar New Year
Macao's twin panda cubs celebrate Chinese Lunar New Year
31st Qinhuai Lantern Fair held in Nanjing, E China
31st Qinhuai Lantern Fair held in Nanjing, E China
Staff members keep working for pandas during Spring Festival
Staff members keep working for pandas during Spring Festival
Spouting Spring Park decorated to greet Spring Festival, E China
Spouting Spring Park decorated to greet Spring Festival, E China
Int'l Holocaust Remembrance Day marked in Budapest
Int'l Holocaust Remembrance Day marked in Budapest
Snowfall hits Jerusalem
Snowfall hits Jerusalem
Merkel, Hollande attend joint press conference in Berlin
Merkel, Hollande attend joint press conference in Berlin
Trump says "very early" to consider lifting sanctions on Russia
Trump says "very early" to consider lifting sanctions on Russia
Back to Top Close
010020070750000000000000011100001360176881