China releases data on AEO system for stabilizing foreign trade

Source: XINHUANET

BEIJING, June 2 (Xinhua) -- China's top customs authority has released new data on its Authorized Economic Operator (AEO) credit system, which the authority is employing to enhance the country's foreign trade and strengthen credit supervision over enterprises.

The AEO system, initiated by the World Customs Organization, aims at facilitating customs clearance through the authentication by customs of trade firms with a high level of law compliance, credit status and safety.

The new data from the General Administration of Customs (GAC) shows that, as of the end of May, 3,236 advanced certified enterprises had been identified by the GAC under the AEO system, while the number of discredited firms totaled 6,788.

For full details, please click here.