Wednesday, 18 October 2023 00:00

Trade with Honduras facilitated through Advance Goods Declaration

Written by Coralia Cuellar
Trade with Honduras facilitated through Advance Goods Declaration Courtesy Press Secretariat

Last year, El Salvador exported more than US$1 billion worth of goods to Honduras, making it the third largest destination market for total exports. El Salvador also purchased US$960 million worth of goods from Honduras, making it the fifth largest supplier of inputs and goods to the country.

Salvadoran government officials, led by the minister of Economy, María Luisa Hayem, and the Secretary of Economic Development of Honduras, Fredis Cerrato, announced the implementation of the Advance Declaration of Goods at the El Amatillo Land Customs Office in La Unión.

"(This is) one more tool that we make available to our exporters and our importers, for trade facilitation (...), it is a measure that from the Government we see it of great impact for all our productive sectors, logistics companies, carriers, consumers, all are benefited from these measures", Hayem said.

The implementation of the Advance Declaration of Goods between El Salvador and Honduras at the El Amatillo border crossing is carried out in compliance with the National Trade Facilitation Strategy 2023-2027 and the execution of the National Trade Facilitation Plan 2023; it will also benefit the more than 300,000 annual operations that are carried out through this crossing.

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The Secretary of Economic Development of Honduras assured that the implementation of the advance declaration will benefit the facilitation of procedures, reduce border times, and reduce logistic costs of trade between El Salvador and Honduras.

"Generating greater competitiveness for exporters and carriers that daily carry out their trade operations at this important border point, this adds to the achievements of the Northern Triangle countries, in the gradual and progressive implementation of the customs union", said Cerrato.

The advance declaration will go into effect on october 17, and will be available to importers and exporters 24/7, 365 days a year.

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Translated by: A.M