The agreement will facilitate simplification, automation and transparency in the import, export and transit processes of goods.
El Salvador and the United States signed, on Monday, the first agreement on mutual assistance in customs matters with the aim of making trade operators profit through a more agile dispatch of goods.
The convention will allow border security and trade facilitation between the two countries through automated processes. It will also allow the protection of borders against terrorists and the fight against drug traffickers.
This agreement will also facilitate simplification, automation and transparency in the import, export and transit processes of goods.
In the context of modern global trade, mutual cooperation between customs agencies is essential to ensure security and risk detection in the supply chain, further boosting the competitiveness of their economies, explained Finance Minister Jerson Posada.
The holder of the Treasury emphasized that the signing of the agreement will modernize public management with emphasis on the functioning of customs “guaranteeing in turn the application of customs legislation and the collection of taxes generated by foreign trade operations.”
For its part, the US embassy assured in its X account that the agreement will allow for better prices in different products and development in the economic field.
A key step to promote economic activity in El Salvador and in the region, better product prices and economic development.” United States Embassy on the Convention.
In addition to the Minister of Finance, the signing of the agreement was also attended by the Minister of Foreign Affairs, Alexandra Hill; the Director General of Customs, Benjamin Mayorga; the Minister of Economy, María Luisa Hayem; the United States Ambassador to El Salvador, William Duncan; and the U.S. Customs and Border Protection Commissioner Troy Miller.
This article has been translated after first appearing in Diario El Mundo