Sino-Platinum Metals (Yongxing) Resources Company was approved as a customs AEO advanced certification enterprise, becoming the second one in Chenzhou to get this certificate after Delta Electronics (Chenzhou) Company. It’s also the first AEO enterprise in Chenzhou to pass certification after implementing the new “Customs Advanced Certification Enterprise Standard”.

AEO is the abbreviation of Authorized Economic Operator, referring to a certificated operator. Certified enterprises can enjoy 12 facilitation measures such as reducing inspection rates and prioritizing customs clearance procedures.

Now, China’s AEO enterprises can enjoy the same convenience both in China and 26 economies, 52 countries and regions.

Sino-Platinum Metals is an enterprise dedicated to the recycling and utilization of rare and precious metals, mainly producing 8 types of products including gold, silver, platinum, palladium. The products are mainly sold to Hong Kong, Singapore and other places.

The AEO certificate will help the company significantly improve foreign business. This year, the output value is expected to reach 6 billion yuan and the foreign trade will reach 1.5 billion yuan.

In addition, the inspection rate of the company’s goods has been reduced from 2.7% to 0.2%, effectively improving customs clearance efficiency.

Next, Chenzhou city will continue to conduct in-depth promotion and training on the AEO system, striving to cultivate more AEO certified enterprises and enhance the competitiveness of Chenzhou enterprises in the international market.