The Malawi Revenue Authority (MRA) is implementing an Authorised Economic Operator (AEO) Programme to improve the trade facilitation environment in accordance with obligations including standards of the World Customs Organisation and the World Trade Organisation.
What is the AEO Programme?
The AEO Programme is a Customs to Business partnership that improves trade facilitation and enhances international supply chain security. It promotes certainty and predictability in the global trading environment and can contribute to economic growth.
The programme and its accreditation provides a ‘quality standard’ to indicate an organisation’s bookkeeping and Customs compliance records are of the highest order and that its supply chain security measures meet international standards.
Organisations that can meet the strict requirements to achieve AEO accreditation are entitled to receive high levels of trade facilitation privileges that can greatly assist in decreasing the time and costs of crossing borders.
To become a Classic Authorized Economic Operator
1. A dedicated AEO Client Service Manager to monitor AEO declarations and investigate and clear blocks and inform the AEO representative in the event of a random red lane selection
2. Opportunity for Mutual Recognition benefits where other nations have an AEO program
Who can become an AEO?
The AEO Programme will be open to all entities including small and medium-sized enterprises. This includes importers, exporters, customs agents, warehouse keepers, freight forwarders and transporters.
An entity is can become an accredited AEO and be eligible for the trade facilitation privileges mentioned above if it is able to satisfy all of the necessary requirements related to:
i. Customs Compliance
ii. Supply Chain Security and Safety
iii. Record Keeping
iv. Financial Solvency
The process to become an AEO
The process to achieve AEO accreditation will follow
Trade Facilitation Rights for AEO’s