A meeting at the State Customs Service of Turkmenistan was dedicated to the introduction of the institution of an authorized economic operator (AEO) in the country.
The meeting was attended by customs officers, representatives of subordinate units of the Agency of Transport and Communications under the Cabinet of Ministers of Turkmenistan, the Ministry of Finance and Economy of Turkmenistan, the Central Bank of Turkmenistan, as well as entrepreneurs of the country.
The purpose of the meeting is to familiarize representatives of business structures of Turkmenistan with new changes in the country’s customs legislation. In particular, with the adoption of the Law of Turkmenistan on amendments and additions dated 30th of Septembe, 2023, the Customs Code of Turkmenistan was supplemented with a new chapter «Authorized Economic Operator»
Participants learned about the procedure for obtaining AEO status, which provides a number of customs benefits.
An AEO is any legal entity involved in the international movement of goods and recognized by a national customs authority as complying with the requirements of the Secure and Facilitated Global Trade Framework Standard or similar supply chain.
AEO is designed to cover all entities involved in the international supply chain - from the manufacturer to the final recipient. Thus, it is planned to ensure a high level of security. Small and medium-sized enterprises are an integral part of this chain.
The form and procedure for issuing a certificate of inclusion in the register of authorized economic operators, suspension and revocation of this certificate are determined by the legislation of the member states of the customs union.
