Good news for foreign trade! China Thailand officially sign AEO mutual recognition agreement

On February 6, 2025, the "Arrangement between the General Administration of Customs of the People's Republic of China and the Customs Administration of the Kingdom of Thailand on the Mutual Recognition of the Enterprise Credit Management System of China Customs and the" Certified Operators "System of Thailand Customs" (hereinafter referred to as the "Mutual Recognition Arrangement") was officially signed. Chinese enterprises that have trade relations with Thailand are full of expectations for this. According to statistics, there are 432 AEO enterprises in Guangzhou Customs District that engage in import and export trade with Thailand. By 2024, the import and export trade volume between these enterprises and Thailand will exceed 11.6 billion yuan (RMB).

AEO is the abbreviation for Authorized Economic Operator, translated as "Certified Operator" in Chinese. The AEO system is a core system in the World Customs Organization's (WCO) Framework of Standards for Global Trade Security and Facilitation, aimed at promoting global supply chain security and trade facilitation through cooperation between customs and customs, customs and business, and customs and other government departments, achieving mutual benefit and smooth trade between customs and enterprises. As the enterprise with the highest customs credit rating, AEO enterprises can enjoy a series of preferential management measures such as priority processing, reducing regulatory frequency, and optimizing services, effectively reducing international trade costs and enhancing international competitiveness.

Thailand has always been one of our important overseas markets. In 2024, the value of our exported products to Thailand exceeded 26 million yuan. The signing of the China Thailand AEO mutual recognition arrangement is a major opportunity for enterprises. It is expected that after its official implementation, the customs clearance time for goods can be shortened by 50%, and the related comprehensive costs can be reduced by about 20%, which will greatly enhance the international market competitiveness of our products.

The signing of the "Mutual Recognition Arrangement" marks a crucial step forward for China and Thailand in the field of trade facilitation, laying a solid foundation for further prosperity of bilateral trade. After the official implementation of the China Thailand AEO mutual recognition arrangement, the customs clearance of machinery and equipment, electronic appliances, textiles, clothing and other goods exported by Chinese enterprises in Thailand will be smoother, and Thai specialty products such as rice and rubber can also enter the Chinese market more quickly, enriching the choices of consumers in both countries. "Zhong Jianfeng, Deputy Director of the Enterprise Management and Inspection Department of Guangzhou Customs, said that the customs will continue to play a good role as an" incubator "for AEO cultivation and training bases, continue to increase efforts to cultivate enterprise credit, help more high-quality enterprises in customs areas obtain international trade" green passports ", and release the AEO system. Dividends continuously enhance the resilience of industrial and supply chain development.

As of the end of 2024, there are a total of 873 AEO enterprises in the Guangzhou Customs District, ranking first in the country's customs. The import and export value and tax payment of AEO enterprises account for 43.11% and 43.05% of the enterprises in the district, respectively, playing a good role in stabilizing foreign trade.

Resource: 广州日报