Panama: Unification of Customs Rules

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

Monday, October 24, 2016

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.

With the entry into force of the document, Panamanian trade with Central America has been streamlined through the simplification of procedures and balancing government spending against the payment of services provided, by managing cargo: security, transparency and traceability within the national territory."

Some of the provisions contained in the standard:
This includes the installation of value-added companies dedicated to repairing boat parts. It will also allow in the primary zones (ports) companies dedicated to repairing ships (shipyards); and the establishment of shipyards in secondary areas under the control of the Customs authority, with guaranteed payments.

Regarding merchandise traveling by land, it includes implementation of a global positioning system (GPS) tracking system, which will eliminate the need for physical custody. However the customs escort service, will remain until Customs starts using the new system.

Read full decree (in spanish).



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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 "...

Panama: Central American Customs Union In 6 months

April 2016

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.

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.

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. "

Customs Union in the Northern Triangle

October 2015

It has been announced that El Salvador will join the process being undertaken by Honduras and Guatemala to integrate customs posts between the three countries.

From a statement issued by the Ministry of Economy and Commerce of Guatemala:

Guatemala, October 22, 2015. After a meeting between the Ministers of the Northern Triangle, it was confirmed that El Salvador will join the Customs Union efforts which have been initiated by Guatemala and Honduras.

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