Recently, the customs of China and Russia signed the arrangement on mutual recognition of "certified operators" between the General Administration of Customs of the people's Republic of China and the Customs Administration of the Russian Federation. Through the mutual recognition cooperation of AEO (i.e. "certified operators"), the customs AEO enterprises of both sides will enjoy more customs clearance facilities and reduce trade costs. According to the statistics of Guangzhou Customs, in 2021, the total import and export volume of enterprises in the customs area to Russia reached 25.475 billion yuan (the same below), a year-on-year increase of 40.67%; 274 AEO enterprises (advanced certification enterprises) carried out import and export trade with Russia, with a total import and export volume of 6.396 billion yuan, a year-on-year increase of 50.3%. After the realization of AEO mutual recognition between Chinese and Russian customs, on the one hand, the goods directly imported and exported between AEO enterprises of the two countries will enjoy preferential customs procedures, preferential inspection, low document review rate and inspection rate and other convenience measures in customs clearance, so as to significantly reduce the storage, logistics and other trade costs of enterprises. On the other hand, thanks to the strict requirements of the AEO system on trade security, China Russia AEO mutual recognition will further promote the security and smoothness of the supply chain of the two countries, and create a safer and more convenient environment for the two countries to consolidate the foundation of energy cooperation and continuously expand the scale of trade and investment. (Xinhua News Agency)