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Hamdan bin Mohammed launches UAE Authorised Economic Operator program

posted on 17/10/2016: 1172 views



On the first day of the Gulf Information Technology Exhibition (Gitex 2016), Crown Prince of Dubai and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the Authorised Economic Operator (AEO) programme.

The AEO programme is a federal programme that connects the UAE with the rest of the world in terms of trade and customs. It recognises traders as trusted operators and provides them with exclusive benefits.

The CEO and Chairman of DP World and Chairman of Ports, Customs and Free Zone Corporation (PCFC) Sultan Ahmed bin Sulayem gave Sheikh Hamdan a closer insight into the programme, as he toured the PCFC stand, in the presence of Commissioner Ali Al Kaabi, Head of the Federal Customs Authority, Mohammad Juma Buossaiba, Director-General of the UAE Federal Customs Authority, and Ahmed Mahboob Musabih, Director of Dubai Customs.

Designed under the supervision of the Federal Customs Authority, the AEO programme delivers a comprehensive set of benefits to certified partners, including faster clearance, preferential customs treatment and a dedicated Key Account Manager. The AEO programme is set to establish strategic partnerships with other AEO programmes around the world through Mutual Recognition Agreements (MRA).

Operators could include manufacturers, importers, exporters, brokers, carriers, consolidators, intermediaries, ports, airports terminal operators, integrated operators, warehouses and distributors.

Al Kaabi praised the initiatives being showcased by Dubai Customs at Gitex 2016, saying, "Dubai Customs is a world-class role model in customs work, particularly when it comes to facilitating trade and plugging security gaps internationally."

He affirmed that the AEO programme is a quantum leap in customs work, as such a platform will efficiently serve trade flow in the UAE bringing global and home companies real added value in terms of risk record and security profile.

"The UAE, represented by the FCA, has recently signed a Mutual Recognition Agreement (MRA) with South Korea during a federal delegation visit to the country," he added.

Sultan bin Sulayem, said, "The pilot phase proved to be a huge success. We know that we are ready to take this into the next level. Certified AEOs will be able to make inroads into new markets thanks to the Mutual Recognition Agreements.

"Gitex is the perfect platform to illustrate the benefits that come out of being a certified AEO to the visitors. The programme will help position the UAE as the number one secure and compliant international trade hub."

"The AEO programme will back nationwide integrated efforts towards marking history in Expo 2020," Ahmed Musabih said.

He further noted that the new facility provides local and international businesses a strong competitive edge as authorised economic operators (AEOs), which positively impacts the national economy and increases growth. The programme offers high levels of compliance and safer business environment through effective risk management. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics-emirates/1395301305871.html

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