Sheffield Chamber of Commerce awarded Authorised Economic Operator status
Sheffield Chamber of Commerce are delighted to announce that on the 21st August 2019 they were officially awarded Authorised Economic Operator (AEO) status by HMRC.
An AEO status is an ‘internationally recognised quality mark indicating that your role in the international supply chain is secure, and that the businesses customs controls and procedures are efficient and compliant’.
Richard Wright, Director at Sheffield Chamber, said:
“Sheffield Chamber is, according to HMRC records, the only Chamber in the world to gain this accreditation, but it is something we believe is critical to our claim to be a one stop shop for anything to do with import or export.
“The Chamber has always prepared export documents, such as Certificates of Origin, however that is clearly not enough going forward. We are now experts at Letters of Credit, we are approved to REX (Registered Exporter) status, we are certified as AEO, and we are trained to do customs declarations. It means that in this ever changing world, as demonstrated by the potential changes from Brexit, Sheffield Chamber can keep you importing and exporting!
“The Chamber also has a proven consultancy service to help businesses get these approvals and expertise themselves, which is particularly important for some of our larger manufacturers and import dominated retailers.”
Although currently not mandatory, businesses accredited with an AEO status, have a commercial advantage when importing and exporting. Those holding the status benefit from streamlined customs processes and fast-tracked shipments through boarder control. Indirectly, the status strengthens the business’s reputation as a safe and secure trading partner, giving them a competitive advantage.
Nick Patrick, Head of International Trade at Sheffield Chamber, added:
“Due to the changing face of international trade and World Customs Organisation (WCO) objectives, the requirement for businesses to hold an AEO status may significantly increase, as those holding it will, by default, receive priority clearance.
“As the only Chamber of Commerce to be AEO accredited, we can help your business through every step of the process, from preparing and assessing if your business is ready to submit a formal application, to successfully achieving and maintaining the status.
“As an accredited customs broker, AEO registration is an important supporting status when submitting declarations on behalf of importers and exporters.”