China is also taking steps to familiarise companies with import and export procedures and driving mutual recognition of Authorized Economic Operators (AEOs) with 5 RCEP members to further increase trade, as per the GAC.
The AEO system aims to facilitate customs clearance for companies through authentication of companies by customs agencies. China has signed the AEO agreement with 5 RCEP members already and is looking to sign it with the other five.
ALCHEMPro News Desk (KD)
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