SEOUL, South Korea, March 7, 2014 /PRNewswire/ -- Pantos Logistics, a comprehensive logistics service provider operating more than 180 logistics networks around the world, has won the Authorized Economic Operator (AEO) certification in Spain.
Known as a being a guarantee for fast customs clearance in any country, the AEO certificate is an international standard selected by the World Customs Organization (WCO) and is awarded to exporter, importer, or logistics companies that meet certain compliance, internal control system, safety management, financial solvency, etc. qualifications. Companies with an AEO certificate are provided with customs administration benefits, such as a streamlined customs clearance process.
Pantos Logistics, having obtained the certificate, can now enjoy the benefits of a simpler customs administration process, such as having fewer documents to submit for customs clearance, a lower inspection ratio, and faster processing, as well as having its safety and reliability with logistics services having been officially recognized for achieving vastly improved public confidence. Such benefits are universally applied for customs clearance in member countries of the AEO Mutual Recognition Arrangement (MRA), and reduce the amount of time and cost spent for clearance.
Pantos Logistics has obtained AEO certificates in major countries including the U.S., Europe, China, and Korea. Its Spanish branch became the latest to join by receiving certificates in countries such as Germany, France, Poland, Benelux (comprehensive branch for Belgium, Netherlands, and Luxemburg), which proves the company's global competitiveness in the advanced logistics market of Europe.
An officer from Pantos Logistics commented, "More AEO certificates are planned for other major countries in global logistics, which will facilitate our being able to provide faster and safer global logistics service."
