CAUCA comes into effect on August 25
The meeting of the Central American Customs Committee (CAUCA) began yesterday in Nicaragua and will cover topics such as the impact that the coming into effect of CAUCA will have.
Tuesday, August 12, 2008
CAUCA, which governs the customs legislation of the region's countries and the organization of their customs services, is a step towards a regional customs union. Said union is considered to be an important element in negotiations with the EU for a bi-regional association that includes a free trade agreement.
CAUCA IV and its regulations known as "Recauca", came into effect today and will facilitate the commercial exchange and decrease contraband trade.
The Central American Parliament will ask the Central American Court of Justice to suspend the effective date of the Customs Law due to technical errors which may lead to acts of corruption.
The new Customs Law, which includes the Central American Customs Code, would be ready by July 2011.
They will ask the Central American Court of Justice to annul CAUCA, which recently came into force on August 25.
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