Common use of Authorized Economic Operator (AEO Clause in Contracts

Authorized Economic Operator (AEO. 1. Each Party shall maintain a trade facilitation partnership program for operators who meet specified security criteria, hereinafter, referred to as Authorized Economic Operator (AEO) programs, in accordance with the Framework of Standards to Secure and Facilitate Global Trade of the World Customs Organization. 2. The Parties shall endeavor to cooperate by: (a) exchanging experiences on the operation of and improvements to their respective AEO programs, seeking to adopt, if appropriate, best practices; (b) exchanging information with each other on the operators authorized by each program, in accordance with each Party's law and established processes; and (c) collaborating in the identification and implementation of trade facilitation benefits for operators authorized by the other Parties.

Authorized Economic Operator (AEO. 1. Each Party shall maintain a trade facilitation partnership program for operators who meet specified security criteria, hereinafter, referred to as Authorized Economic Operator (AEO) programs, in accordance with the Framework of Standards to Secure and Facilitate Global Trade of the World Customs Organization. 2. The Parties shall endeavor to cooperate by: (a) exchanging experiences on the operation of and improvements to their respective AEO programs, seeking to adopt, if appropriate, best practices; (b) exchanging information with each other on the operators authorized by each program, in accordance with each Party's ’s law and established processes; and (c) collaborating in the identification and implementation of trade facilitation benefits for operators authorized by the other Parties.