On July 29, 2020, the Cabinet of Ministers of Ukraine adopted the Resolution “On Certain Issues of Functioning of Authorized Economic Operators”. The Resolution aims at regulating all the formalities for the comprehensive launch of authorized economic operators (hereinafter referred to as the “AEO”) program in Ukraine.
The main issues, which have been regulated by the Resolution, cover:
- procedures for assessing compliance with AEO criteria and
- forms of documents to be submitted by enterprises and to be issued by customs authorities for obtaining a status of AEO.
In general, such a novelty as AEO has rather significant advantages for the Ukrainian customs system. In particular, it will facilitate material simplification in customs formalities for enterprises with a high level of trust and will provide for an opportunity of Ukrainian enterprises to participate in the formation of a safe chain of supply of goods enhancing their competitiveness on external markets. Introduction in Ukraine of the AEO program and conclusion of agreements on mutual recognition of AEO status will help the Ukrainian business in entering the EU markets and, potentially, markets of other countries.
The Resolution became effective on 18th of August 2020.
By Iryna Kalnytska, Partner, and Viktoriia Bublichenko, Associate, GOLAW
