More Efficient Trade between Costa Rica and China

The two countries signed an action plan to determine the steps to be taken to achieve a Mutual Recognition Agreement for their Authorized Economic Operators and to facilitate international trade operations.

Wednesday, February 5, 2020

Once the Mutual Recognition Agreement is signed, the companies that are part of the Authorized Economic Operators Program in Costa Rica will obtain more agile conditions, facilitation of international trade operations, application of best practices in security standards, use of information, and control of traceability, informed the Costa Rican government.

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From the Ministry of Finance of Costa Rica's press release:

February 4th, 2020. Customs authorities of Costa Rica and China signed an action plan, in order to determine the steps to be taken by both countries, to achieve an Agreement of Mutual Recognition of their Authorized Economic Operators (AEO), before April 2021.

The subscription of this plan follows a meeting held by Juan Carlos Gomez, General Director of Customs and Li Guo, Vice Minister of the General Administration of Customs of China, in December 2019.

The AEO is a voluntary and free program, in which any trade operator who meets the requirements established for AEO certification can participate.  In exchange for this compliance, they are granted benefits that allow them to expedite and facilitate the trade of their goods, which strengthens the relationship between customs and the private sector.

Once the Mutual Recognition Agreement is signed, the companies that are part of the OAS Costa Rica Program will obtain more agile conditions, facilitation of international trade operations, application of best practices in security standards, use of information, and control of traceability.

As part of this plan of action signed with China, the offices of both countries in charge of the OAS topic began the review of regulations and verification of international standards defined by this program.

In addition, AEO officials from China visited companies certified as AEOs in our country, in order to verify the implementation of security, control and customs compliance aspects.

The AEO program began in our country in 2011, and has more than 30 companies certified in the export, import, port operators and export cargo terminals regimes. Costa Rica has signed Mutual Recognition Agreements of its Authorized Economic Operators with Mexico, Central America and Colombia.



More on this topic

Guatemala: New Economic Operators Enabled

September 2018

Industria La Popular, Grupo Cropa and Grupo Vical, are the three companies qualified as new Authorized Economic Operators by the Superintendency of Tax Administration.

According to the authorities at the Superintendency of Tax Administration (SAT), the figure of Authorized Economic Operator (OAS), which is recognized by the World Trade Organization, facilitates trade, security and control, as well as compliance in tax, customs and legal matters.

Mexico - Costa Rica Economic Operator Authorized

April 2018

The agreement signed between the governments is aimed at the mutual recognition of trade operators that have obtained the AEO certification in either of the two countries.

From a statement issued by the Ministry of Finance:

April 27, 2018. Last week Costa Rica signed a Mutual Recognition Agreement between the Authorized Economic Operator programs of our country and Mexico, as well as an Action Plan with Colombia that will allow negotiation of mutual recognition between our AEO programs and those of that South American country, during XXI Regional Conference of Directors of Customs of the Americas and the Caribbean (CRDGA), held in Los Cabos, Mexico.

AEO Program in Guatemala

April 2013

The Customs Directorate is calling on companies involved in foreign trade to take part in the AEO Programme.

The Customs Directorate is inviting producers, importers, exporters, carriers, customs agents, bonded warehouses, Consolidated / deconsolidated companies, courier companies, free zones and ports, to form part of the AEO Program of Guatemala, which strikes a balance between security and facilitation of international trade, through a strategic alliance between the Customs Administration, the Tax Authority and the different participants in the supply chain.

Guatemala: Easier International Trade

November 2010

AEO will provide companies with an easier the processes in imports and exports.

The Superintendence of Tax Administration (SAT) has created the "Authorized Economic Operator" (AEO) legal vehicle, which allows qualified companies to streamline their import and export operations.

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