๐—ฆ๐—ถ๐—ด๐—ป๐—ฒ๐—ฑ ๐—”๐—˜๐—ข ๐—บ๐˜‚๐˜๐˜‚๐—ฎ๐—น ๐—ฟ๐—ฒ๐—ฐ๐—ผ๐—ด๐—ป๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ด๐—ฟ๐—ฒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ฏ๐—ฒ๐˜๐˜„๐—ฒ๐—ฒ๐—ป ๐—ฆ๐—ฎ๐˜‚๐—ฑ๐—ถ ๐—ฎ๐—ป๐—ฑ ๐—•๐—ฎ๐—ต๐—ฟ๐—ฎ๐—ถ๐—ป ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐˜€

The Kingdom of Bahrain (Bahrain) Customs Authority (Bahrain Customs) and the Kingdom of Saudi Arabia (KSA) Customs Authority (Saudi Customs) have announced that the cooperation agreement on the mutual recognition of Authorized Economic Operators (AEO) has been signed by both the President of Bahrain Customs and the Saudi Customs Governor. Bahrain Cabinet and Ministry of Interior has also approved and signed the cooperation agreement. The agreement is aimed at increasing trade between the two countries, as it promotes the exchange of concessions provided to Economic Operators in relation to trading and movement goods in Bahrain and Saudi Arabia.
This mutual recognition agreement aligns with both Bahrain and Saudi Customsโ€™ aspirations to facilitate trade in the region and encourage businesses to attain the AEO status ensuring enhanced levels of security and process controls in relation to movement of goods.
The AEO regime in its essence is a partnership between the customs authorities and businesses to promote transparency and enhance security in global supply chains. Having an AEO status suggests that as an organization involved in international movement of goods it has been certified by the relevant national Customs administration which is in compliance with WCO or equivalent supply chain security standards adopted by that jurisdiction.
Businesses should therefore consider reviewing their current customs and global trade risk footprint to assess if obtaining the AEO status (either in Bahrain or KSA, as applicable) can help optimize their operational and business risks arising from movement of goods in the region and globally. Across the GCC, there is focus on enhancing supply chain security. Other customs authorities are also considering introduction of similar regimes. For instance, Dubai Customs also has a AEO regime that was introduced in 2016.