An article in Elfinancierocr.com reports that "... all WTO members recognize that progress can be made in cutting costs associated with inefficiencies in order to make trade more efficient."

"... The idea is that the WTO reaches agreements related to this and other issues at the Ninth Ministerial Conference to be held in Bali, Indonesia, from 3 to 6 December. "

"... According to the agency, on average 10% of the value of each commercial transaction relates to customs processing costs, therefore the idea at Bali is to manage to halve those expenses. "

"... One of the issues discussed within that trade facilitation is whether to reduce or eliminate the requirement that the importer always be accompanied by a customs agent. "

Source: elfinancierocr.com

More on this topic

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September 2020

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Guatemalan and Honduran taxpayers who make definitive imports to each State Party will be the ones to benefit from the implementation of this type of customs, since the goods imported under this modality will enjoy free mobility.

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Since January 1, 2020, Nicaraguan authorities have been charging $25 for the electronic processing of the Single Central American Transit Declaration, a cost that exceeds by 233% what was paid until the end of 2019.

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Customs Problems in Honduras

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