Panama's first customs and logistics blog
With the advance of technology development, nowadays we have new products with specifications and functionalities never seen before and with an accelerated diversification that often bring us doubts, confusion or dichotomy in terms of tariff classification of a product.
As we have seen in the article regarding Rules of Origin: what are and their importance in international trade, the rules of origin are of great importance for the assessment of the products, and for the policies of sanitary measures, among others. However, we will focus on its use for the application of customs benefits granted by Free Trade Agreements, which are beneficial for both imports and exports.
Today it is not easy to determine the origin of a product in a context in which raw materials, parts and loose pieces travel the world from one end to the other as inputs destined for industrial facilities that are spread all over the globe. That is precisely why it is important that rules of origin are specified to attribute a country of origin to each product.
The Panamanian law defines the customs broker agent as an auxiliary of customs public management and establishes a series of essential requirements in order to opt for the license that provides the suitability and access to the customs computer system, which include, among others, having a Degree in Public Customs Administration.
The System for Central American (SICA) has a fundamental goal, which is to achieve the integration of Central America with the purpose of obtaining mutual benefits in international trade and in economic matters. It currently counts with the states of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and the Dominican Republic..
More than a decade ago, the World Customs Organization (WCO) established the framework of standards to ensure and facilitate global trade, thus creating the figure of Authorized Economic Operator (AEO). In 2013 the figure is implemented in Panama, and only two years ago (in 2016) the formal launch of the program in the Republic of Panama was carried out. Today, much is said about the advantages of AEO certification, but what exactly is it? What are its advantages and possible challenges for companies in the logistics sector in Panama?
A year after Panama established diplomatic relations with the People's Republic of China, after the surprise break in relations with Taiwan, Panama and China began negotiations for a Free Trade Agreement in the middle of this year.
For all Panamanians, Chinese interests are very clear: they must be the same as those of the Spanish 500 years ago, that of La Gran Colombia de Bolívar, and the ones of the French and North Americans: the Interoceanic Highway and the connection of the Americas.
We are a customs agency that offers personalized services for the management of imports, exports and procedures with institutions, derived from the development of international trade.
We have a highly qualified staff for handling all types of customs procedures, trained to provide convenient and effective solutions in each of our clients´ operations.
Contacte a su corredor de aduana en Panamá
Ave. Ricardo J Alfaro, Edificio Century Tower, Piso 9, Oficina 918.
261-6530 / 261-6104