Skip to main content

UWT awarded AEO status

Published by , Assistant Editor
World Cement,


In December UWT was awarded the AEO C ‘customs simplifications’ certificate, and is thus deemed to be an authorized economic operator with respect to the tariff.

The introduction of so-called authorized economic operator’s (AEOs) is a provision of customs law that aims to identify potential risks within a supply chain, thereby achieving a more efficient monitoring of the global movement of goods. A company with AEO status is considered particularly reliable and trustworthy and is permitted certain discounts.

The goal is securing a continuous international supply chain from the manufacturer of goods to the consumer.

The following licensing requirements was and still is doing for UWT as Authorized Economic Operator (AEO C) met:

  • Compliance with customs requirements. 
  • Satisfactory accounting system.
  • Proven financial solvency.

The certification as AEO has many advantages in customs clearance through reductions in safety-related customs controls and general simplifications under the customs rules provide.

In addition, it can by optimising processes and internal control mechanisms also lead to indirect benefits such as:

  • Fewer thefts. 
  • Less unexplained losses of goods. 
  • Fewer delayed shipments. 
  • Fewer security incidents. 
  • Better cooperation with business partners.

This certification is an indicator of the high reliability of UWT as an international trading partners with a secure payment ability which complies with all relevant legislation.


Adapted from press release by

Read the article online at: https://www.worldcement.com/europe-cis/28012016/uwt-awarded-aeo-status-403/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):