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Colombia and United States Sign Agreement to Streamline International Trade

  • By Siacomex
  • 3 January, 2024

On April 17, the United States and Colombia 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 reinforcing security and cooperation in the fight against terrorism and other transnational crimes.

The MRA is a significant advancement in the collaboration between the two countries, as it promotes the simplification of regulatory processes and the elimination of trade barriers for companies certified by both programs. Among the companies certified by the AEO program in Colombia is SIACOMEX (www.siacomex.com), which will benefit from this agreement by streamlining its commercial operations and offering a more efficient and secure service. Such agreements favor economic growth and job creation in both countries, 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 lays the foundation for greater cooperation and collaboration in areas such as professional training and labor mobility. The relationship between both countries is strengthened with this achievement, and the MRA is expected to have a significant impact on bilateral relations and trade in the future.

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