The new system will allow better control of goods coming in and out of Panama, as the SIGA system will help the customs department keep a more accurately watch on the details of shipments.
With an investment of $20 million, the new system will replace the current system of Foreign Trade Information System (SICE), said Gloria Lopez Moreno, Director of Customs to the press.
"The new system will be accompanied by other measures that Customs will shortly bring into force, such as several projects related to the international transport of goods, authorized operators, seizure of goods, and single tax payment desk", reported Prensa Latina.
Source: prensa-latina.cu
More on this topic
July 2011
The interconnection will expedite the processing of business transactions between the two countries.
The 541 companies in El Salvador currently exporting goods to Nicaragua will be the first to benefit from the connection of the two offices, which will expedite the process of obtaining permits and other paperwork.
September 2011
A dedicated electronic processing desk for exports and imports in El Salvador (CIEX) is now connected to the local customs offices and those of Honduras, Guatemala and Nicaragua.
Costa Rica will be added soon.
Cornelio Deras, director of the Center for Import and Export Procedures (CIEX), noted that the technology they are using allows them to connect to any country with whom they have a free trade agreement or a commercial interest. Also planned is an interconnection with Mexican customs, as soon as readjusted FTA is signed.
March 2011
Exporters and Government discussed improvements in customs procedures in order to reduce processing times at the border.
Export managers and managers of the 20 companies in charge of 80% of export formalities at the border in Peñas Blancas met this morning with the Minister of Foreign Trade, Anabel Gonzalez, Deputy Minister Fernando Ocampo, Deputy Minister of Finance Jenny Phillips, the Director General of Customs, Desiderio Soto and the manager of the Single Window for Foreign Trade, Marvin Salas to discuss improvements in customs proceedings and reducing processing times at the border.
May 2012
The new requirements that have been imposed and the improvisation in their implementation have caused foreign trade to be slow, inefficient and expensive.
Rather than improve or streamline foreign trade, the new customs law has only reduced the competitiveness of exports, said Jose Raul Gonzalez Merlo on a blog by the National Economic Research Center (CIEN).
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