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foreign trade

Customs Transit and Its Regulation Under Decree Law 920 of 2023

Customs transit is a modality that allows the land transportation of national or foreign goods, under customs control, from one customs office to another within the national territory. This mechanism is essential for facilitating foreign trade and ensuring that goods reach their final destination in compliance with customs regulations. However, its proper application and adherence […]

  • Siacomex
    Siacomex
  • 24 January, 2025

Forfaiting – Tax and Exchange Rate Effects

Forfaiting is a valuable tool for exporters seeking to eliminate risks and guarantee cash flow in international transactions, especially in emerging markets or those with high credit risks. What is a Forfaiting Contract? Forfaiting is an international financing mechanism primarily used in foreign trade. It involves the purchase, by a bank or financial institution (the […]

  • Siacomex
    Siacomex
  • 13 January, 2025

Modification of Operations from Free Trade Zones to the Rest of the World

Modification of Operations from Free Trade Zones to the Rest of the World (External Markets) – Article 523 of Resolution 046 of 2019 Recently, Resolution 000097 was issued, modifying Article 523 of Resolution 046 of 2019, which relates to the requirements for operations from Free Trade Zones (FTZ) destined for the rest of the world. […]

  • Siacomex
    Siacomex
  • 8 June, 2024

Global Guarantee for Foreign Trade Operations

Consortia and Temporary Unions: Global Guarantee for Foreign Trade Operations Introduction to Consortia and Temporary Unions Consortia and temporary unions are associations between two or more companies that join forces to execute a specific project or activity. These legal structures allow companies to share resources, knowledge, and risks, facilitating the execution of large infrastructure projects, […]

  • Siacomex
    Siacomex
  • 29 May, 2024

Digital Certificates of Origin between Colombia and Argentina

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 […]

  • Siacomex
    Siacomex
  • 30 April, 2024

What is a Pre-Arrival Import Declaration?

What is a Pre-Arrival Import Declaration? A pre-arrival import declaration is a type of declaration submitted before the arrival of the transportation means at the national customs territory. This method helps expedite the import process and reduce waiting times at customs. Obligations According to Decree 659 of 2024 Decree 659 of 2024 mandates the submission […]

  • Siacomex
    Siacomex
  • 10 April, 2024