Peru to simplify foreign trade operations with Canada | News

The National Oversight Authority of Customs and Excise Administration (Sunat) and Canada Border Services Agency (CBSA) have signed a Mutual Recognition Agreement (ARM), which will enhance the AEO program by providing facilities to approved companies that carry out foreign trade operations between the two countries in an agile and secure manner.

This is a significant achievement for Peru, as it is the first country in South America to sign an AEO MRA with Canada, which is one of our major trading partners, being the fifth destination country for our exports, and has reached a trade exchange for more. of $3,300 million in 2021.

With the signing of this agreement, 284 AEO-certified Peruvian companies will have greater facilities to conduct business operations in Canada, improve their competitiveness by reducing costs and lead times for import and export operations, and maximize supply chain security. International show.

It should be noted that, to date, companies certified as AEO account for 34% of Peru’s foreign trade operations, increasing their number every year.

The agreement was signed by the Deputy National Superintendent of Sonnet Customs, Marily Lirena Aibar and Executive Vice President of the Canada Border Services Agency (CBSA), Ted Gallivan, in the framework of the 139/140 sessions of the OMA Council, in Brussels (Belgium).

This agreement is the ninth that Peru has signed, after doing so with Korea, Uruguay, the United States, the countries of the Pacific Alliance (Chile, Mexico and Colombia), the Andean Community (Bolivia, Colombia, and Ecuador), Brazil, Guatemala and a multilateral one among 11 countries in the Americas and the Caribbean, expanding Recognition of AEO companies with 15 customs administrations in the world.

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AEO is a standard of the World Customs Organization (WCO) SAFE framework that has become a token customs-private sector partnership program that secures the logistics chain and allows approved companies, then meeting specific requirements, to access a series of facilitation benefits.

Thus, it has reduced levels of oversight and simplified procedures and a good reputation for business operations, both nationally and in other countries. Thanks to the AEO programme, customs administrations achieve more efficient risk management.

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Publication date: 06/24/2022

Sacha Woodward

"Wannabe writer. Lifelong problem solver. Gamer. Incurable web guru. Professional music lover."

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