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Panama: Overview of Authorized Economic Operator (AEO) program

Panama: Overview of AEO program

The World Customs Organization (WCO) in 2005 established a framework of standards for global trade under the Authorized Economic Operator (AEO) program. AEO is a voluntary certification program under which eligible companies are able to demonstrate levels of security in their foreign trade operations.

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In Panama, an October 2013 executive decree implemented the AEO program and established the following objectives: to guarantee security in the logistics chain; increase the predictability of foreign trade operations; facilitate the integrated management of logistics chains for all modes of transport; strengthen cooperation between customs administrations at the international level; and facilitate legitimate trade through secure logistics chains and collaboration agreements between the customs authority and the private sector.

 

Read a March 2018 report (Spanish) prepared by the KPMG member firm in Panama 

 

The KPMG report addresses the following questions:

  • What is an AEO?
  • What activities can an AEO develop?
  • What are the advantages of being an AEO?
  • What are the obligations of an AEO?
  • What are the requirements to become an AEO?
  • What are the procedures for obtaining the certification of the AEO from Panama’s customs authority?

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