Vetter has received the status of Authorised Economic Operator Full (AEO-F) from the European Union confirming its reliability, solvency and high safety standards in international trade.
Vetter’s customers worldwide will benefit from shorter transit times and lower costs with the usual high product quality.
The internationally accepted AEO-F certification will facilitate the import of drugs in third countries. The certificate confirms the compliance of high safety requirements throughout the entire supply chain of a company.
Customs procedures of consignments will be simplified and accelerated, resulting in shortened transport durations, as well as improved fulfillment of pharmaceutical requirements for transit times.
Another advantage is the facilitation of regulatory proceedings for security reviews and audits. Vetter and its customers benefit from additional time and cost savings in international supply chains.
Supply Chain Management senior vice-president Carsten Press said: "With the recognition afforded by the granting of the AEO-F certificate, we can enable our customers not only a fast and smooth international customs clearance, but more importantly, a very high standard of safety.
"The certification is important for Vetter, and at the same time, it is also further evidence of the high service and product quality we offer to our customers."
With the extended certificate, benefits of the previous AEO-C status for the European movement of goods also apply at the global level.
AEO-F certificate is currently accepted by the US and Japan, EU member states, Switzerland, Norway and China.
The aim of the World Customs Organisation is to continue to expand the agreement to additional countries.
By expanding the AEO concept, they will establish a uniform customs and security standard in the international movement of goods within the framework of the Standards to Secure and Facilitate Global Trade (SAFE) program.
The European Union commends the recognition of the concept in international agreements with third countries in order to protect the supply chain from manufacturers to end users.