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Colombian Customs Signs MOU on Trade Facilitation

The Colombia National Directorate of Taxes and Customs (DIAN) signed a memorandum of understanding with the Global Alliance for Trade Facilitation on May 23, the GATF said in a news release. The country will establish a new center for trade…

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facilitation that will issue advance rulings on "the classification, valuation and origin of goods prior to their arrival at borders, significantly reducing waiting times and trading costs for importers and exporters," the group said.