Nexen is delighted it’s become the first Korean tyres manufacturer to be issued with an AEO – that’s an Authorised Economic Operator – certificate by the country’s custom authorities.
This will make it easier for them to export their tyres around the world, because it streamlines customs regulations and is therefore a valuable tool to faster and more reliable customs checks.
Coupled with the FTA certificate, which documents the origin of an export product, which was granted to Nexen in November 2010, these two certifications, the company expects to increase its export competitiveness by simplifying the customs procedure and saving both time and costs.
Since 70% of all Nexen products are exported, Nexen was keen to obtain the certificate and carried out all necessary preparations within a year, thus managing to fulfil all the requirements in a short period of time.
Hyunjong Lee, Director of the Business Management Division of Nexen, said: “The AEO status increases our competitiveness in the export area, and provides the necessary impulse for Nexen’s expansion in the global market”.
“We will continue to do everything necessary to supply our customers throughout the world quickly and
reliably with Nexen quality products.”