Section 108: Authorised economic operators

1 A person who is established in the customs territory and who meets the conditions set out in this Part may apply to the Service to be designated as an authorised economic operator as set out in section 111 of this Act.

2 The Service may designate an applicant as a “Customs Simplification Authorised Economic Operator” or as a “security and safety authorised economic operator”.

3 A customs Simplification Authorised Economic Operator shall be entitled to simplified customs procedures, as is provided in this Act and regulations made under this Act.

4 A security and safety authorised economic operator shall be entitled to simplified customs procedures relating to security and safety, as is provided in this Act and regulations made under this Act.

5 The provisions of this Part shall become effective 90 days after the Service issues regulations providing for the procedures for this Part.