China, Macau Sign Customs Agreement

China's General Administration of Customs and Macau Customs inked a mutual recognition agreement, which comes into effect June 1, China's customs agency announced, according to an unofficial translation. Under the accord, customs agencies of mainland China and Macau will recognize each party's authorized economic operator (AEO) system and allow designated AEOs to clear customs with ease. Both parties will also provide a host of customs clearance facilitation services for the AEO enterprises, the customs administration said.