The title of Authorised Economic Operator (AEO) is only awarded to the most reliable European operators. The scheme facilitates trade and makes the flow of merchandise entering and leaving the European Union more secure. In late 2011, there were 574 AEO operators, whereas there are now just over 2000.
On 24 April, reports from the Regional Audit Unit in Toulouse highlighted the readiness, rapidity and responsiveness of the HBF Group and its staff to optimise the reliability of their work practices. As a result, it gave the green light for OEA-C* authorisation for three of the group’s companies: HBF, Otio and Elexity.
These AEO-C authorisations will enable the HBF Group to benefit from certain simplified customs procedures to facilitate trade and make the flow of merchandise entering and leaving the European Union more secure. There are many AEO-C advantages, including reducing the number of physical checks and fast-tracking shipments in the event of an inspection.
OEA-C approvals are permanent and will provide long-term support to the group and its subsidiaries. The customs authority carries out a monitoring audit every 3 years to confirm the maintenance of AEO status.