Panama: Central American Customs Union In 6 months

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.

Monday, April 25, 2016

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.

From a statement issued by the National Customs Authority:

The Cabinet Council has approved Decree No. 12 of March 29 2016, in which the existing regulations and regulations complementary to the Central American Uniform Customs Code (CAUCA) are collected into a single document.

With the approved document it will be possible to improve the facilitation of international trade through simplifying processes, balance government spending Vs charging for services rendered, provide cargo handling: security, transparency and traceability within the national territory, and fill in existing legal gaps, among other things.



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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. 

Panama: Unification of Customs Rules

October 2016

The decree that integrates into a single document all national regulations and the Uniform Central American Customs Code has come into force.

The current customs legislation has been unified into a single document and changes made to processes in order to establish deposits of made to order merchandise and tax refunds, among other things.

Panama in the Central American Customs Union

October 2016

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 "...

Honduras - Guatemala Customs Union on Hold

December 2015

The legislative session in Guatemala has ended and the Enabling Protocol needed to implement the customs union planned for December 15, was not even looked at by lawmakers.

Elperiodico.com.gt reports that "... The Protocol was not studied by the plenary, despite having a favorable ruling from the Committee on Foreign Affairs and the existence of a privileged motion signed by several heads of benches, as was stated by the deputy and president of the Commission, Juan Alcázar, so that it could be read and approved as a matter of national urgency. "

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