Swiss Federal Council Approves Authorized Economic Operator Agreement With UK

Switzerland's Federal Council approved an agreement with the United Kingdom granting mutual recognition of the authorized economic operator status, the council announced in an April 14 news release. The agreement also authorizes AEO status for individual companies, allowing for reduced technical and security-related customs barriers for goods. Following the U.K.'s departure from the European Union, the U.S.has an advance summary declaration obligation for all goods coming into Switzerland, the release said. The U.K. has yet to ratify the agreement.