The National Oversight Authority of Customs and Tax Administration (Sunat) and the 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.
Peru is the first country in South America to sign an AEO MRA with Canada, which is one of our main trading partners, being the fifth destination country for our exports, with a trade volume of more than 3,300 million US dollars during 2021.
Thanks to the signing of this agreement, 284 Peruvian companies certified as AEOs will have greater facilities to carry out business operations in Canada, improving their competitiveness by reducing costs and times of import and export operations, and maximizing supply chain security. International offer.
AEO-certified companies account, to date, 34% of Peru’s foreign trade operations, increasing their number every year.
This contract is the ninth signature of Peru, 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 AEO companies with 15 customs administrations in the world.
AEO is a standard of the World Customs Organization (WCO) SAFE framework that has become a token customs-private partnership program that secures the logistics chain and allows approved companies, then meeting specific requirements, to access a series of facilitation benefits.