Bahrain and Saudi sign customs agreement

Manama, Dec. 30 (BNA): President of Customs, Shaikh Ahmed bin Hamad Al Khalifa and Saudi Customs Governor Ahmed Al-Hakbani have signed a joint cooperation agreement for mutual recognition of the Economic Operator programme implemented by both sides. The President of Customs announced that the signing of the agreement was as a result of a series of meetings between the two sides to set mechanisms for joint work with consideration to the security requirements. The Saudi official highlighted that the agreement comes to reinforce historical relations between the two countries. He hoped the deal would promote the flow of goods between both sides. The authorised Economic Operator (AEO) is defined as one of the participating party in the movement of international trade in a manner that conforms to international customs regulations or to equivalent adopted standards of supply chain security. The economic operator includes importers, exporters, manufacturers, brokers, transportation companies, ports, airports, ports operators, warehouses, and distributors.