On January 1, 2017 the new nomenclature comes into force, which extends codes used in the Tariff System to 10 digits.
From a statement issued by the Salvadoran Association of Industrialists (ASI):
The Salvadoran Association of Industrialists (ASI) held on this day a conference with the aim of informing its members about the implementation of the Sixth Amendment to the nomenclature in the System for Tariff Description and Coding (SAC) and the enlargement to ten digits of the codes for goods that are exported and imported.
The document details standards and mechanisms for the cargo manifest, entry and exit of goods, transshipment regime, physical custody of goods and tariff exemptions.
From a statement issued from the Ministry of Economy and Finance:
In order to update the laws and decrees that govern the matter of Customs in Panama, the Ministry of Economy and Finance (MEF) and the National Customs Authority (ANA), has started a period consultation in order to find out the position of the unions on the proposed Cabinet Decree which contains dictates complementary to the Uniform Customs Code and Regulations, and which was announced by the Deputy Minister of Finance, Eyda Varela Chinchilla.
The unification of customs procedures would mean savings of $300 per day for each unit dedicated to the regional transport of goods.
S21.com.gt reports that "Representatives and delegates of the Confederation of Customs Brokers of the Caribbean Basin (Conaacc) from Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and the Dominican Republic met yesterday to unify search procedures in a Central American Customs Code, which aims to facilitate trade between the region. "
The first round of negotiations of the Second Semester of Customs Union ended last August 24 in Nicaragua having made significant progress.
From Diario de Central America:
The technical negotiators have concluded revision of the Central American Technical Regulation (RTCA) for labeling of distilled spirits and registration requirements for microbial pesticides for agricultural use, which have been passed on for resolution by the Council of Ministers of Economic Integration (Comieco). Negotiations will continue for the rest of subgroups via videoconferences and the necessary consultations made with stakeholders in each case.
Instead of being reduced, bureaucracy at the Central American borders is becoming increasingly burdensome, complicating and making intra regional trade more expensive.
Constant delays which increase transportation costs, lack of progress in the streamlining of customs procedures and a perceived stagnation of the customs and economic integration project are the most pressing problems observed by business associations in Central America.
Central American representatives have approved various technical regulations for the regional customs union.
Among the regulations adopted are those relating to labeling and product registration.
Also under discussion in the meeting, was the process of Panama’s incorporation into the Central American Economic Integration Secretariat (SIEC), a requirement that Panama needs to meet in order to take part of the Association Agreement with the European Union.
The region's federation of chambers of commerce (Fecamco in Spanish) encourages governments to keep pushing for customs union.
A Fecamco press release states that in meetings held between October 31st and November 1st discussions centered on Central America's political and economic situation that led to a renewed call to the region's governments to consider important topics.
The website of the Treasury Ministry now provides easy accessible data on the imports done by companies.
Users may now query the Customs Information Technology System (TICA) through the web address http://www.hacienda.go.cr/tica/Consultas/. This system was conceived to modernize the operation of the country’s customs.
The European Union again noted its interest in an integrated Central America where there is a free flow of investments, goods and services.
The seventh round of negotiations of the Association Agreement between the European Union and Central America opened in Honduras with the explicit indication by Petros Mavromichalis, political negotiator of the EU that "regional integration remains a subject of great importance for us. We're not talking about philosophical considerations, but rather a practical analysis of the tangible effects on our agreement to the free movement of goods, services and investment in Central America and Europe; this for us is of paramount importance." This is how German Rivas explained the process in an article in Laprensagrafica.com.
CAUCA IV and its regulations known as "Recauca", came into effect today and will facilitate the commercial exchange and decrease contraband trade.
According the Superintendent of the Tax Administration Agency (SAT) of Guatemala, Oscar Funes, Cauca IV and Recauca establish new provisions to facilitate customs procedures and trade on the Central American isthmus. Starting today, hiring a customs agent will not be necessary for some export or import procedures as companies will now be able to appoint their representatives to do this job.
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.
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.
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