BRICS Customs Service Officials Discuss Validation of Authorized Economic Operators

A working group of BRICS customs services on matters concerning authorized economic operators (AEOs) in BRICS countries held its first meeting on 13 May 2024.

The recognition of AEO institutions within BRICS is one of the most promising areas of cooperation among customs services and aims to develop mechanisms to simplify and accelerate international trade. Work on this project began in 2023 during South Africa’s BRICS Chairship.

During the year of Russia’s BRICS Chairship, member countries will look to approve a joint action plan for the validation of the AEOs of BRICS countries, as well as prepare and sign a draft agreement on the mutual recognition of AEO institutions between BRICS countries.

During the meeting, basic agreements were reached on the content of the documents, the timeline for their drafting and signing, as well as on the practical aspects of the validation of AEO institutions within BRICS.

The Roscongress Foundation manages the events of Russia’s BRICS Chairship.