- What does the agreement between Argentina and the United States stipulate?
Argentina has taken another step in its bilateral relationship with the United States by signing a customs cooperation agreement that promises to change the control mechanisms and speed of trade operations between the two countries. The agreement signed in Washington generates expectations.
owner Customs collection and control agency (coffin), Juan PazoHe headed the Argentine delegation that signed the understanding with US Customs and Border Protection (Customs and Border Protectionfor its abbreviation in English). He was accompanied by the Director General of Customs, Dr. Andres Velez. On the American side, he participated Donald R. StyxDeputy Executive Commissioner of Customs and Border Protection.
The agreement is framed in what the government Javier Miley It is defined as a process of “comprehensive modernization” of the Argentine customs system, with a focus on eliminating personal procedures and completely digitalizing procedures.
What does the agreement between Argentina and the United States stipulate?
As ARCA published on its social networks, the agreement seeks to deepen three central axes: Modernizing, digitizing and automating customs operations. This means that paperwork and personal procedures will definitely be left behind, in line with the standards you have set World Customs Organization (Uma).
The understanding includes mechanisms for technical and operational cooperation between the two agencies. Among the stated goals are enhancing bilateral coordination, early detection of threats, and combating transnational crimes such as money laundering through foreign trade..
For the private sector, the promise is clear: Reduce logistics time and improve competitivenessThanks to smarter controls segmented by risk level.
Background information exchange
Although customs cooperation between Argentina and the United States is not new – in fact, it dates back to the 1990s – the new agreement reinforces a scheme that was already in place, but is now gaining greater importance in the context of recent bilateral agreements.
It has been the United States for many years Commercial Transparency Unit (Counter-terrorism unit(for its abbreviation in English) which analyzes global trade patterns and identifies potential money laundering maneuvers through business operations (known as Trade-based money laundering, Trade-based money laundering). This system is based on information provided by similar units from different countries, where comparisons are made and alerts are issued.
What is new in the current agreement is that it includes a specific chapter on the exchange of information related to the soybean market, one of the main Argentine export products. The government has raised this point with the agricultural export sectors, with which it is conducting a smooth dialogue, as confirmed by official sources..
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