PHILIPPINES: Authorized Economic Operator Approval Process Announced
31 August 2021
Detailed approval procedures for importers and exporters seeking to be deemed Authorized Economic Operator (AEOs) – a status that would see them entitled to a number of special privileges, including access to dedicated cargo processing lanes, reduced inspection requirements and expedited clearance – have been released by the Philippines Bureau of Customs. The initiative, which will also provide access to a dedicated AEO online portal, forms part of a wider programme designed to establish a register of globally-trusted businesses.
Currently at a pilot stage, the scheme is only open to importers and exporters, although it is likely to be extended to other stakeholders at a later stage. In addition, overseas suppliers and manufacturers that are accredited AEOs in a country that has a Mutual Recognition Agreement (MRA) with the Philippines will also be able to participate. Talks are also said to underway with regards to establishing an ASEAN-wide MRA for AEO companies by 2025.
Full details of the required procedures can be found in Customs Memorandum Order (CMO) No. 26-2021.
- Southeast Asia