Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
HOHHOT, June 1 (Xinhua) — China and Mongolia on Sunday formally launched mutual recognition of authorized economic operators (AEOs), according to the Hohhot Customs Office in north China’s Inner Mongolia Autonomous Region.
An Authorized Economic Operator is an enterprise recognized by customs authorities as law-abiding and trustworthy. Having received the AEO status, an enterprise can enjoy conveniences in customs clearance.
Once mutual recognition of AEO status is achieved between China and Mongolia, the paperwork will be simplified, the number of inspections of goods will be reduced, and priority customs clearance will be possible. This step is expected to not only significantly reduce the cost of cross-border trade between enterprises in the two countries, but also ensure the safety and smoothness of supply chains.
According to statistics, from January to April 2025, 326 Chinese enterprises that had obtained the status of authorized economic operator were engaged in export activities with Mongolia, with the export value amounting to nearly 1.6 billion yuan (about 222.69 million US dollars), or about 15.5 percent of China’s total exports to Mongolia.
According to available information, as of the end of April this year, there were 6,479 enterprises in China that had received AEO status, whose trade volume accounted for 38.5 percent of the country’s total import and export volume recorded during the same period.
Meanwhile, China has signed mutual recognition agreements for AEO status with 31 economies covering 57 countries and regions around the world, including 38 countries participating in the Belt and Road Initiative. -0-