New ICC standards help define trusted traders
ICC has published a collection of standards to help border authorities determine a standardized definition of a diligent trader. With a widely-accepted premise that low-risk traders should receive benefits for their investment in security and compliance, a variety of “trusted trader programmes”, commonly referred to as Authorized Economic Operator (AEO) programmes have been implemented worldwide.
the need for a harmonized understanding of what criteria should be used to objectively
judge whether a company meets the definition of trusted trader the ICC paper
offers a set of 59 baseline best practices of safe and secure conduct for
cross-border traders in goods for use by traders when designing and managing
AEO programmes and by governments when assessing risks represented by operators.
is better facilitated when traders represent a low risk to security by
complying with national laws and regulations, and border authorities are more
likely to reduce barriers to trade when they are confident that traders have
implemented strong security, trade compliance processes and internal controls. Developed
by the ICC Commission on Customs and Trade Facilitation, the ICC Guidelines for Cross-Border Traders in Goods apply on a voluntary basis and are
not binding. The guidelines cover the essentials of trader behaviour and will
be regularly updated to include relevant developments and to broaden the scope
the help of this new set of guidelines, both traders and border authorities
will have a clearer idea of who can be considered “trusted traders” and accord
them the various benefits from AEO programmes.
being able to identify compliant traders, authorities will not only be able to avoid
risks but will also be better able to facilitate the smoother flow of goods
across borders. The ICC guidelines are intended to contribute to the greater
prosperity, economic growth and international security in line with ICC’s
overall mission to promote international trade and investment.
new guidelines have been developed to complement ICC’s Customs Guidelines – a
comprehensive set of practices that ICC has established should characterize all
modern customs administrations.
ICC Guidelines for Cross-Border Traders in Goods
ICC Customs Guidelines