Sadara Chemical Company has been awarded Authorized Economic Operator (AEO) status by the Saudi General Customs Authority.
The certification is based on the global AEO program which facilitates movement of the company’s imports and exports or supply chain, under standards established by the World Customs Organization (WCO).
Sadara Chief Executive Officer Dr. Faisal M. Al-Faqeer accepted the certification at a ceremony this week in Riyadh hosted by Ahmad Al-Hakbani, governor of the General Customs Authority, and attended by government officials and business leaders.
Al-Faqeer said: “The AEO certification is testament to the quality, reliability and safety of Sadara’s supply chain processes. This achievement further underscores our ability to operate at a very high level, reliably manufacturing and delivering our full range of value-added plastics and chemicals to our customers wherever they may be.” AEO status will help expedite Sadara’s imports and exports, reduce customs inspections and holding time for shipments, and cut administrative fees, among other benefits.”
The Authorized Economic Operator program, a component of the World Trade Organization’s (WTO) Trade Facilitation Agreement of 2017, seeks to build a partnership between customs and business enterprises that enhances the security of the global supply chain while providing more benefits to facilitate trade.
