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Digital Certificates of Origin between Colombia and Argentina

  • By Siacomex
  • 30 April, 2024
  • 29 Views

Technical Analysis of ACE 072 Trade Agreement: Digital Certificates of Origin between Colombia and Argentina

Implementation of Digital Certificates of Origin

Starting in April 2024, the customs authorities of Colombia and Argentina have begun issuing and receiving certificates of origin in digital format. This initiative is part of the Economic Complementation Agreement No. 72 (ACE 072), which aims to modernize and streamline foreign trade procedures between the two countries.

Objectives of Digital Implementation

The digitalization of certificates of origin has several key objectives:

Process Streamlining: The use of digital certificates reduces processing time and facilitates customs clearance, eliminating the need for physical documents and enabling faster and more efficient management.

Reduction of Fraud and Errors: Implementing a digital system enhances the security and integrity of certificates of origin, reducing the risk of fraud and errors associated with paper documents.

Improved Transparency: Digital certificates allow for more transparent and precise tracking of goods from their origin to their final destination.

Benefits for Bilateral Trade

Supply Chain Efficiency: Digitalization contributes to a more efficient supply chain, reducing waiting times and administrative costs for exporting and importing companies.

Trade Facilitation: Digital certificates of origin facilitate trade between Colombia and Argentina, promoting smoother and more competitive commercial exchanges.

Adaptation to International Standards: This modernization aligns both countries with international best practices in foreign trade, improving their global competitiveness.

Regulatory Framework

The issuance of digital certificates of origin occurs within the framework of the ACE 072 trade agreement, establishing guidelines and procedures to be followed by customs authorities and companies in both countries. This agreement strengthens economic and commercial cooperation, facilitating more dynamic and efficient bilateral trade.

Challenges and Considerations

Technological Adaptation: Companies must adapt their systems and processes to integrate with the new digital certificate of origin platform.

System Interoperability: Ensuring interoperability between the customs systems of Colombia and Argentina is crucial to guarantee seamless information flow.

Training and Awareness: Customs authorities and companies must be fully trained and aware of the new procedures and benefits of the digital system.

The implementation of digital certificates of origin between Colombia and Argentina through ACE 072 represents a significant advancement in modernizing foreign trade. This measure not only streamlines customs procedures but also strengthens the transparency, security, and efficiency of bilateral trade, aligning both countries with international best practices.

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