Grestel has been granted Authorized Economic Operator (AEO) status by the Portuguese Customs Regulation Services, effective from July 26, 2020.

This status recognizes Grestel as a trusted partner in its customs operations, allowing the company to benefit from a privileged relationship with customs authorities across multiple territories.

The AEO status brings several advantages, including authorizations for customs simplifications (AEOC), security and safety (AEOS), or a combination of both, providing preferential treatment in customs controls – such as fewer physical and documentary inspections – and establishing Grestel as a secure and highly trusted partner across all EU member states.

An Authorized Economic Operator is an economic operator that, after a positive assessment by customs authorities regarding compliance with a set of criteria, is recognized as reliable and trustworthy.

About the Authorized Economic Operator concept

The AEO concept is part of the Customs-Trade Partnership pillar under the World Customs Organization (WCO) “SAFE Framework of Standards,” which aims to enhance security while facilitating global trade.

The European Union defined its Authorized Economic Operator (AEO) framework in 2008, based on internationally recognized standards. It relies on close cooperation between customs authorities and the economic operator, who voluntarily complies with a broad set of criteria to ensure the common goal of supply chain security and legitimate trade. This relationship is founded on principles of transparency, integrity, fairness, and mutual accountability.

Several countries have signed Mutual Recognition Agreements (MRAs) with the EU regarding AEOs, including Switzerland, Japan, the USA, and China, among others.

As a highly export-oriented company, obtaining AEO status is a significant milestone for Grestel, reinforcing its reputation for rigor and responsibility in international trade.