Common use of Authorized Economic Operator Clause in Contracts

Authorized Economic Operator. The Parties shall promote the implementation of the Authorized Economic Operator (hereinafter referred to as "AEO") concept according to the WCO SAFE Framework of Standards. Acknowledgment of the AEO security status shall be taken into account by the Parties in order to secure the international trade supply chains. In this respect, trade facilitation benefits shall be provided by the customs authority of an importing Party to operators meeting customs security standards and having AEO status granted by the customs authority of any Party.

Authorized Economic Operator. The Parties shall promote the implementation of the Authorized Economic Operator (hereinafter referred to as "AEO") concept according to the WCO SAFE Framework of Standardsconcept. Acknowledgment of the AEO security status shall should be taken into account by the Parties in order to secure the international trade supply chains. In this respect, chain and trade facilitation benefits shall should be provided by the customs authority of an importing Party to operators in return for meeting customs security standards and having AEO status granted by the customs authority of any Partystandards.

Authorized Economic Operator. The Parties shall promote the implementation of the Authorized Economic Operator (hereinafter referred to as "AEO") concept according to the WCO World Customs Organization SAFE Framework of Standards. Acknowledgment of the AEO security status shall should be taken into account by the Parties in order to secure the international trade supply chains. In this respect, and trade facilitation benefits shall be provided by the customs authority of an importing Party to operators in return for meeting customs security standards and having AEO status granted by the customs authority of any Partystandards.