Panama to have a one-stop shop maritime system

The Panama Maritime Authority and the Panama Canal Authority have reached an agreement for the creation of a one-stop shop that aims to streamline the procedures related to maritime trade in the country.

The two entities have signed an institutional cooperation agreement and will begin the procedures to create the Panama One Stop Window (VUMPA for its initials in English).

The aim of the VUMPA will be to streamline maritime transport through the simplification of paperwork, documents and formalities. The entity will group the institutional tasks currently carried out by the National Customs Authority, the Panamanian Food Safety Authority, the National Immigration Service, the Panama Canal Authority and the Ministry of Agricultural Development, among others.

The Panama Canal accounts for 6% of world trade and experts believe that streamlining and streamlining procedures will increase the number of ships using these facilities.

One-stop-window systems are becoming increasingly important. In fact, Argentina has created an Executing Unit of the One Stop Window Regime.

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