India-UAE sign pact for AEOs for faster customs clearances

NEW DELHI: India and UAE recently signed Mutual Recognition Arrangement (MRA) for Authorised Economic Operators (AEOs) of both countries, the CBIC said. The AEO programme enables Customs administration to identify safe and compliant exporters and importers and to provide them better facilitation. Under MRA, Customs authorities recognise AEOs of both countries, which in turn helps expedite customs clearances.

“In pursuance of greater trade facilitation & ease of doing business, India & UAE signed the Mutual Recognition Arrangement for Authorised Economic Operators of both countries today, on sidelines of the 141st/142nd sessions of WCO Customs Co-operation Council meeting, in Brussels,” the Central Board of IndirectTaxesandCustoms(CBIC)tweeted.

EarlierinSeptember2021,IndiaandtheUShadsigned a MRA AEO. The Customs authorities of both countries havealreadyevaluatedeachother’sAEOprogrammeand is working to quickly implement the reciprocal arrangementforauthorisedeconomicoperators.