TIRANA, June 7/ATA/ The status of Authorized Economic Operators (AEO) for Business, is another facility offered to enterprises as part of the government initiative to improve business climate in the country.
The Ministry of Finance and Economy, Anila Denaj announced on Monday that the Status of Authorized Economic Operator (AEO) is a ‘Passport’ obtained by business to enter world markets.
In her remarks, Minister Denaj invited entrepreneurs to apply for AEO, while adding that in order to obtain the status of Authorized Economic Operator the business must meet several criteria, such as, financial solvency, efficient data management systems and transport.
Authorized Economic Operator is a status granted for “trustworthy traders” that can benefit from many customs simplifications.
According to the Albanian Customs Code, there are two types of status for AEO that can be granted:
“AEO-S” for safety and security – control facilitations
“AEO-C” for customs simplifications – facilitations on customs procedures
Both those status may be combined in order to be benifited a “full” AEO.
If an AEO wants to benefit from a simplification/regime, the Customs does not examine the terms or criteria.
The Albanian Customs Administration has implemented the OEA status according to international standards and for that purpose a Common Recognition Agreement has been signed with the CEFTA countries in compliance with EU legislation where CEFTA parties shall inform each-other regarding the identity of the AEOs. //a.i/
