Jining recognized as AEO demonstration city in Qingdao customs area
(chinadaily.com.cn)| Updated : 2022-01-18Print Print
A container ship berths at Jining Port. [Photo/dzng.com]
Jining in East China's Shandong province was recently recognized as one of the first Authorized Economic Operator (AEO) demonstration cities in the Qingdao customs area, according to Dazhong Daily.
An AEO is an important part of the social credit system. Holders of AEO certifications are entitled to benefits akin to obtaining a green permit for international trade, which will empower enterprises' efforts to broaden their business in overseas markets. China has signed AEO agreements with customs authorities in 46 countries and regions to facilitate customs clearance for companies.
Jining has carried out a series of incentives to encourage companies to apply for AEO certificates. From January to November 2021, 13 Jining-based companies with senior AEO certifications had a year-on-year increase of 36 percent in imports and exports and a total value of 9.57 billion yuan ($1.51 billion). The number accounted for 16 percent of the city's total imports and exports during the period.
Jining customs is planning to cultivate more companies with AEO certificates, and enhance companies' clearance efficiency and competitiveness.