Panama: Updated Customs Regulations

A Draft law will adapt the rules for administrative procedures and customs penalties in the light of the country's integration into SIECA.

Monday, November 10, 2014

After joining the Economic Integration Subsystem (SIECA), Panama must adjust and update its customs procedures to respond more effectively to the demands of the block and international trade.

The director of the National Customs Authority (ANA), Jose Gomez, told that "... The bill conforms to regional customs rules and procedures and everything related to customs criminal jurisdiction will be updated. It also aligns us with the demands of international trade, which will improve services and create opportunities to advance at the pace of global trade. "

The legal advisor to the ANA, Johanna Prestán, added "... Among the innovative aspects of the legal document is the creation of the Customs Criminal Court; a defender; simplification of criminal proceedings and reorganization of all customs criminal prosecutions. The format of authorized economic operator, new technological concepts relating to digital signatures and online payment is also incorporated; and the free zone regime is extended, in which new economic areas and the tourism sector will be included. "

More on this topic

El Salvador: Fines for Customs Violations

September 2017

The Legislature has approved a law reform that reduces to $300 fines for driving outside of established routes or non-compliance with the deadlines set for the customs transit regime.

From a statement issued by the Legislative Assembly of El Salvador:

Panama: Customs Regulations Under Consultation

October 2015

The document details standards and mechanisms for the cargo manifest, entry and exit of goods, transshipment regime, physical custody of goods and tariff exemptions.

From a statement issued from the Ministry of Economy and Finance:

In order to update the laws and decrees that govern the matter of Customs in Panama, the Ministry of Economy and Finance (MEF) and the National Customs Authority (ANA), has started a period consultation in order to find out the position of the unions on the proposed Cabinet Decree which contains dictates complementary to the Uniform Customs Code and Regulations, and which was announced by the Deputy Minister of Finance, Eyda Varela Chinchilla.

El Salvador - Costa Rica: Customs Requirement Eliminated

February 2015

A requirement has been eliminated which previously obliged companies exporting goods to submit records which indicated the customs procedure under which the company operates.

From a bulletin by the Chamber of Industries of Costa Rica:

The Ministry of Foreign Trade announced that it has been agreed with the authorities of El Salvador that in bilateral trade the requirement to submit records which indicate the customs procedure under which the exporter of the goods operates has been eliminated. The elimination of the requirement will be effective for both parties from February 16 this year.

Panama Formally Joins Central America

May 2013

With the formal integration of the canal country into SIECA, what was a geopolitical contradiction has been corrected, because Panama always should have been part of Central America.

From a press release from the Central American Economic Integration Secretariat (SIECA):

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