Sadara Chemical Company (Sadara) has been awarded Authorised Economic Operator (AEO) status by the Saudi Customs Authority
The certification is based on the global AEO programme which facilitates movement of the company’s imports and exports, or supply chain, under standards established by the World Customs Organisation (WCO).
Sadara CEO Dr Faisal M. Al-Faqeer accepted the certification on 27 January 2019 at a ceremony 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 a 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 times for shipments, and cut administrative fees, among other benefits,” he added.
To achieve certification, Sadara was required to meet a number of intensive criteria in specific areas, including demonstrated compliance with regulations, a reliable system for managing commercial records, financial viability, a positive record of cooperation, and numerous levels of security.
The AEO programme is a global standard and part of the World Customs Organisation’s SAFE framework of standards to secure and facilitate trade. Saudi Arabia’s AEO programme has recently been implemented, and the kingdom is engaged in securing mutual recognition with other states.
