UAE, Indonesia sign agreement on Authorized Economic Operator Program

Abu Dhabi (UNA-OIC) – The UAE and Indonesia executed a mutual recognition agreement on the Authorized Economic Operator Program (AEO) in a step to facilitate inter-countries trade, effective and swift implementation of program mutual recognition agreement under the umbrella of the agreement on cooperation and assistance in customs affairs executed by both countries on 24 July 2019.
Companies registered under the AEO program in UAE counted 81 companies while efforts are exerted to execute AEO mutual recognition agreements with South Korea, Saudi Arabia and China, and India is underway to execute the agreement. Such agreements cover 29.8 percent of State aggregate non-oil trade globally.

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