Support to the Ministry of Guatemala in the implementation of the AFC

The Trade Facilitation Agreement (TFA)  of the World Trade Organization (WTO) is an ambitious development within the global trading system. With a view to reducing costs and time in trade operations, the agreement proposes a series of measures to simplify export and import formalities, harmonize procedures and modernize the customs systems of member countries. It is estimated that with the full implementation of the Agreement, costs will be reduced by more than 14%, and more than 46% in the time of imports and about 91% in the time of exports.

The Agreement has the peculiarity that it is the members themselves who set the implementation schedule, based on their technical and financial capacity, where the agreement itself has established a mechanism for supporting developing and least developed countries.

Development of a computer system

Financed by the European Union, the International Cooperation team of Euro-Funding is working with the Ministry of Economy of Guatemala in the implementation of the AFC through the Program to Support the Improvement of Competitiveness and Commercial Capacity of MSMEs and cooperatives. Specifically, through technical assistance services to the Ministry, we are supporting the development of a computer system on import and export measures, where all the legislation and procedures of the National Institutions involved in foreign trade are published, in compliance with Article 1 of the AFC.

In parallel, we are evaluating the legal framework for trade and customs for authorized economic operators (AEO) in the country. These operators are the result of partnerships between customs administrations and private sector companies that demonstrate good practices and guarantee security in the international trade logistics chain. Thus having certain facilities and benefits in customs procedures and operations to those who meet the requirements of the AEO.

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