Common use of Authorized Economic Operator Clause in Contracts

Authorized Economic Operator. 1. The Parties shall implement Authorized Economic Operator programs in accordance with the WCO Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework of Standards). 2. The Parties shall work towards Mutual Recognition Agreements for their Authorized Economic Operator programs.

Authorized Economic Operator. 1. The Parties shall implement promote the implementation of Authorized Economic Operator programs in accordance with the WCO Framework of Standards to Secure and Facilitate Global Trade ("SAFE Framework of Standards"). 2. The obligations, requirements and formalities of the programs, as well as the benefits to be offered to eligible companies, shall be established in accordance with the legislation of each Party. 3. The Parties shall work towards Mutual Recognition Agreements for their promote negotiations to reach an agreement on mutual recognition of Authorized Economic Operator programs.