Raymond Yang

There are many benefits of AEO approval including the following:

• Recognized status across the EU
• An industry “kite mark” and useful marketing tool
• A lower risk score used to determine the frequency of Customs’ physical and documentary checks consignments may be fast tracked through customs controls. If selected for examination priority will be given over non-AEO consignments
• Potential for future reciprocal arrangements and mutual recognition with countries outside the EU, for example the USA

The term value chain refers to the process in which businesses receive raw materials, add value to them through production, manufacturing, and other processes to create a finished product, and then sell the finished product to consumers. A supply chain represents the steps it takes to get the product or service to the customer, often dealing with OEM and aftermarket parts.
While a supply chain involves all parties in fulfilling a customer request and leading to customer satisfaction, a value chain is a set of interrelated activities a company uses to create a competitive advantage.

Border adjustment tax is a short name for a proposed destination-based cash flow tax (DBCFT). It is a value-added tax on imported goods and is also referred to as a border-adjusted tax, destination tax or border tax adjustment. In this scenario, exported goods are exempt from tax while imported goods sold in the United States are subject to the tax.

A drawback is a rebate on taxes or tariffs paid by businesses on goods that were imported into the United States and then exported out again, such as on raw materials being imported for use in production, and the final goods then being exported. This lessens the tax burden on companies helping to improve their profitability

An export credit agency offers trade finance and other services to facilitate domestic companies' international exports. Most countries have ECAs that provide loans, loan guarantees and insurance to help eliminate the uncertainty of exporting to other countries. The purpose of ECAs is to support the domestic economy and employment by helping companies find overseas markets for their products. ECAs can be government agencies, quasi-governmental agencies or even private organizations—including the arms of commercial financial institutions.