AEO-MUTUAL-RECOGNITION
EU bilateral AEO equivalence agreement.
Definition
The EU signed MRAs with: USA (C-TPAT, 2012), Japan (2010), China (2014), Canada (2016), Norway (2010), Switzerland (2011), Andorra (2017). Negotiating: Mexico, Brazil. Principle: an EU AEOS is treated as US C-TPAT and vice versa, reducing USA entry controls.
Origin
First EU-Japan MRA signed June 2010 ; WCO SAFE Framework basis.
Example in context
Schneider Electric, AEOF France, ships to Chicago ; EU-US MRA enables <1% cargo inspection instead of ~5%.
Related terms
- AEO UE — underlying status.