Henan’s first AEO-recognized shipment departs for Ecuador

Henan Daily

Zhengzhou: “Two days ago, a cargo ship carrying our company’s export shipment of all-steel radial tires for trucks and buses left Qingdao for Ecuador,” Wang Yanmin, Foreign Trade Manager of Aeolus Tyre Co Ltd told Henan Daily on July 3.

On July 1, the mutual recognition of Authorized Economic Operators (AEO) between China and Ecuador officially took effect. This shipment was among the first to benefit from the AEO facilitation measures, resulting in a further reduction in delivery time. According to the head of the Audit Division at Zhengzhou Customs, it also marks the first shipment from Henan to benefit from the China-Ecuador AEO agreement’s streamlined customs procedures.

AEO, or Authorized Economic Operator, is a program promoted by the World Customs Organization. It aims to offer preferential treatment and trade facilitation to companies with strong credit, high compliance, and secure supply chains. On July 1, Ecuador became the fifth Latin American country, following Chile, Brazil, Uruguayand Costa Rica, to sign a mutual AEO recognition agreement with China. As of now, China has established AEO mutual recognition arrangements with 50 countries and regions.

In the first five months of this year, 403 companies in Henan engaged in trade with Ecuador, with total imports and exports amounting to 560 million yuan, marking a 44.4% year-on-year increase. “The official launch of the China-Ecuador AEO mutual recognition arrangement will further help Henan’s foreign trade enterprises tap into the Latin American market,” said the manager.