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Colombia and the United States sign Agreement to streamline international trade

  • By Mario Pinzón
  • 16 June, 2023
  • 0 Comment
  • 110 Views

On April 17th, Colombia and the United States took a historic step by signing a Mutual Recognition Agreement (MRA) between their respective Authorized Economic Operator (AEO) programs in Colombia and the Customs Trade Partnership Against Terrorism (CTPAT) in the United States. This agreement, which was signed in record time according to the National Association of Exporters (ANALDEX), aims to facilitate trade and investment between both countries while strengthening security and cooperation in the fight against terrorism and other transnational crimes.

The MRA is a significant advancement in collaboration between the two countries as it promotes the simplification of regulatory processes and the elimination of trade barriers for companies certified under both programs. Among the companies certified under the OEA program in Colombia is SIACOMEX (www.siacomex.com), which will benefit from this agreement by streamlining its commercial operations and offering more efficient and secure services. Such agreements foster economic growth and job creation in key sectors such as manufacturing, agriculture, and services.

The signing of the MRA demonstrates the commitment of the United States and Colombia to promoting security and economic prosperity in the region. Despite the potential challenges that may arise during the implementation of the agreement, the MRA establishes the foundation for further cooperation and collaboration in areas such as professional training and labor mobility. The relationship between both countries is strengthened by this achievement, and it is expected that the MRA will have a significant impact on bilateral relations and trade in the future.

 

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