Ukraine Takes Step Toward Creating AEO Program
The Ukrainian parliament recently gave preliminary approval to a draft law creating an authorized economic operator (AEO) trusted trader program, according to an alert from the law firm CMS. If approved, AEO status will give Ukrainian companies a simplified customs…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
declaration procedure, a shortened form of import declaration, priority for customs procedures and permission to use a special traffic lane for truck border crossings, the alert said. To qualify, the company must be a registered resident entity in Ukraine, have no criminal records related to commercial activity (including company officials), have not committed repetitive or systematic violations of customs rules, and be financially solvent. A second and final vote in parliament is required before the bill is passed, CMS said.