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Brazil and Mainland China Working on Mutual Recognition of AEO Programmes

Brazil’s Federal Revenue Service (Receita Federal) on 22 February signed a joint work plan with China Customs for the mutual recognition of their respective authorised economic operator programmes. The two sides hope to complete this work plan by the end of this year, including comparing AEO requirements to verify their compatibility, conducting joint validation visits, and negotiating the terms of the mutual recognition agreement, in an effort to sign an MRA in 2020.

AEO programmes certify foreign trade operators and other stakeholders in an effort to enhance the security and reliability of a country’s import and export processes. Achieving mutual recognition between the Brazilian and mainland Chinese programmes would significantly facilitate bi-lateral trade because traders certified as authorised in mainland China would be recognised as low-risk in Brazil, and vice versa. According to Brazilian authorities, this MRA will be one of the first concrete outcomes of the agreement on mutual assistance in customs matters that Brazil and mainland China signed in June 2012 and implemented last year.

Content provided by Picture: HKTDC Research
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