Panama: Streamlining of Customs Procedures

The three local companies that were certified as AEOs will have priority in customs and will be able to carry out processes in less time and at less cost.

Thursday, January 12, 2017

From a statement issued by presidency of Panama:

Three local companies were today certified as Authorized Economic Operators (AEO), a tool which facilitates international trade, by helping to maintain a reliable security standard and through which the Logistics Office of the Government of the Republic is fulfilling its commitment to support the private sector.

The document was delivered by the Customs director Jose Gomez, to Express Distributors, Logistics Service Panama and J. Cain, in a ceremony held at the Yellow House, which was attended by the Minister of Commerce and Industry, Arosemena Augusto; Ana Reyes, head of the Logistics Office; Eric Julio, head of the AEO program, as well as business people.
The AEO program is a Customs-Business partnership designed to ensure the safety and reliability of the international supply chain through the participation of exporting companies, carriers and brokers. 

More on this topic

El Salvador: Concerns About Authorized Economic Operator Status

August 2016

Employers have pointed to limitations on the certificate extended by the Customs Office and doubt its efficiency as there is no certainty that it will be valid at the regional level.

The purpose of Authorised Economic Operator (AEO) status is to contribute in the implementation of safety guidelines in order to have a secure supply chain, but in El Salvador the certificate granted by the Directorate General of Customs has, in the opinion of local entrepreneurs, some limitations which hinders its optimal use. One of them is that the benefits only apply on the borders of El Salvador, without making any change to the market with the countries of Central America.

Customs: Authorized Economic Operator System in Panama

May 2016

Companies that are certified as AEOs are able to reduce paperwork and are given priority at customs offices.

Like Costa Rica and Guatemala, Panama is now using the AEO program. Companies interested in obtaining certification should contact the National Customs Authority.

AEO in Guatemala

January 2015

Companies which are certified as Authorized Economic Operators will be able to reduce paperwork times and have priority at customs.

In order to access this certification interested companies must be up to date with tax and customs payments, tax requirements, and review legal and administrative processes, industrial safety and human resources.

Authorized Economic Operator

April 2013

The function of the AEO is to contribute to the implementation of safety guidelines of the World Customs Organization in order to have a secure supply chain.

From Wikipedia:

"The AEO certificate, issued by customs authorities in the EU and many other countries using the same or a similar name, is a trusted certificate which Customs offices give to traders who meet certain requirements which demonstrate to the customs offices their reliability regarding customs processes, solvency and safety. It is granted to operators involved in the chain of international trade, whether natural or legal persons, provided that the professional activity of these operators is subject to customs regulations, such as importers, exporters, manufacturers, representatives at customs offices, bearers, carriers , terminal operators, shippers etc.