Egypt Adopts System Requiring Importers to Declare Cargo in Advance

11 June 2021 – Suez Canal Container Terminal (file image courtesy APMT) Egypt is set to implement a new law designed to protect its territory from supply chain security threats. Following a decree issued by the Ministry of Finance in February, all importers in the country will be required to declare all cargo before leaving…

Customs and VAT after Brexit: What happens for UK businesses?

26 January 2021 – Since 1 January 2021, businesses in the UK have had to consider imports and exports in a new way. Customs procedures apply to England, Wales and Scotland when it comes to trade with European Union (EU) countries, and when moving goods to Northern Ireland too. And the way VAT is accounted…

UAE, Indonesia sign AEO Action Plan

22nd November – 2020 ABU DHABI, (WAM) — Via teleconference, the United Arab Emirates and the Republic of Indonesia signed an Action Plan for a mutual recognition arrangement on the Authorised 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…

AEO customs transactions make 61% of Dubai Customs activity in H1, 2020

4th October 2020 – Figures released by Dubai Customs showed that customs transactions done through the Authorized Economic Operator (AEO) reached 4.4m constituting 61% of the total number of transactions (7.2m) in H1, 2020. The leading program has played an important role during the pandemic in facilitating external trade. Companies, members of the program, boosted…