As part of the implementation of the Customs Union, Corinto was designated as a new integrated custom office, and operations will begin in the first quarter of 2017.
The resolution signed yesterday by officials of the two nations to enable the passage through Corinth in Entre Ríos, Izabal, heralds the start of a new route with greater opportunities for bilateral trade.
From October 20 a decree will be in effect which integrates into a single document the national legislation and the Uniform Central American Customs Code, necessary for Panama's full integration into the block.
The Director General of Customs, Jose Gomez Nunez, told Capital.com.pa that"... the institution is prepared for the implementation of Cabinet Decree No.
The economic and political stability that prevailed between 2011 and 2014 was not taken advantage of to implement relevant measures to deepen the policy of regional integration.
From the "Regional Integration" section of the V Report on the State of the Region 2016":
Between 2011 and 2014, the Central American Integration System (SICA) did not face shocks such as the political crisis or the global economic recession that impacted this work at the end of the last decade.Despite this more favorable context, no significant progress was made in the integration process: no evidence was found that Member States had taken significant initiatives to deepen integrationist policies or modify the structure of regional institutions.
In light of the recent problems in the dairy trade between Nicaragua and Costa Rica, the Central American exporters union advocates eliminating barriers and facilitating trade.
Elsalvador.com reports that "...Taxes on perfumes in customs offices in Honduras, problems with entry of frozen goods into Costa Rica, meat and dairy going from Nicaragua into Honduras, beef and chicken from Panama to Costa Rica and impediments to the free marketing of milk and dairy products between Costa Rica and Nicaragua are some of the problems that are hampering business growth in the region. "
It has been announced that using funds from the Inter-American Development Bank a tender will be launched for a plan to improve and streamline cross-border trade in the region.
The goal is to design and implement a system to improve and expedite the transit of goods between the Central American countries which currently face several obstacles affecting competitiveness, such as customs delays and duplication of procedures.
The current customs legislation has been unified into a single document and changes will be implemented in processes to establish deposits made to order merchandise and refunding taxes, among other things.
Approval of the decree that integrates into a single document all national regulations and the Central American Uniform Customs Code (Cauca) is one of the steps that was needed for full integration of Panama into the Central American Customs Union. It is expected that accession to the bloc will occur within six months.
While authorities have reactivated the process for binational customs liberalization, entrepreneurs have pointed to constraints on issues related to bureaucracy, corruption, and infrastructure at border crossing points.
The governments of Guatemala and El Salvador have resumed work in Technical Groups to liberalize binational border posts. In a statement, they reported that dialogue has been revived over customs, sanitary and phytosanitary issues, migration, security, and legal and tax issues.
The Central American Bank for Economic Integration has announced that this month it will deliver 55% of the funds required to implement the customs union between the two countries.
The funds pending for the implementation of the Customs Union between Guatemala and Honduras are being managed by the Central American Bank for Economic Integration (BCIE) for a total of $1.5 million for delivery in February. The information was confirmed by the Ministry of Economic Development of Honduras.
There is still no legal framework to manage the international cooperation funds that would finance the implementation of the customs union between the two countries.
Even though the Central American Economic Integration Secretariat (SIEC) announced "progress" in the process of the Customs Union between Guatemala and Honduras, Elperiodico.com.gt denounced the obstacles preventing it, "... the most visible being the establishment of a ministerial body. The body has still not been certified and therefore can not approve the creation of a "structural fund" where international cooperation resources would be deposited. "
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524