A. General Information
Regional Customs Cooperation in Latin America
B. Lessons Learned
The project supports the Authorized Economic Operator (AEO) Regional Recognition Arrangement (RRA) negotiations and joint site validations that are essential for the signing of the regional arrangement.
The project supports the Authorized Economic Operator (AEO) Regional Recognition Arrangement (RRA) negotiations and joint site validations that are essential for the signing of the regional arrangement.
Eleven Latin American and Caribbean countries have endorsed an Authorized Economic Operator (AEO) Regional Recognition Arrangement (RRA). The arrangement between Argentina, Bolivia, Brazil, Colombia, Costa Rica, Chile, Dominican Republic, Guatemala, Paraguay, Peru, and Uruguay has the potential to boost intra-regional trade by making it simpler, faster and more cost-effective for AEO companies to trade across the region.
Mutual Authorized Economic Operator recognition
The project brought in the voice of business to ensure that the agreement delivers real benefits for traders and governments. Additionally, it surveyed AEO companies to gather their experiences of AEO programs, ideas for improvements and views on best practices. Finally, the Alliance is supporting the design and development of an IT platform for the participating countries to efficiently manage and exchange AEO data.
Authorized Economic Operator data.
The agreement means that AEO companies are able to trade throughout the region with fewer physical and documentary inspections of their goods, faster border clearance times, and ultimately reduced costs. Meanwhile customs agencies are be able to increase their administrative efficiency by allocating their human and technical resources to high-risk shipments. Underpinning all these benefits will be a trusted and constructive working relationship between the government and business.