Union Customs Code (UCC)
The Union Customs Code (UCC) update modernises and simplifies trade into and within the EU. The regulation aims for harmonised customs procedures across member states. Supplementary targets are to increase safety and security of goods, and to streamline processes. The key assumption is that all customs declarations should be electronic. All business involved in import or export of goods into or within the EU will be affected: from manufacturers to warehouse keepers, 3PLs, freight forwarders, customs agents, carriers, airline loaders and port operators. The new UCC has been in force as of May 1st 2016 and will be fully implemented at the end of 2020.
Authorised Economic Operator (AEO)
The UCC includes benefits for businesses with Authorised Economic Operator (AEO) status or that meet AEO status criteria. AEO status is an internationally recognized quality mark indicating that your role in the international supply chain is secure, and that your customs controls and procedures are efficient and compliant. Companies that hold an AEO certification can import and export goods with less paperwork and less inspection of individual shipments than those who do not.