2023-11-28 18:55:50
The Central American Digital Trade Platform (PDCC) was recently launched, a digital catalog of services or processes related to intra- and extra-regional trade operations and designed as a technological infrastructure to facilitate regional trade operations and digitalization of processes.
Perspective Writing
In the case of Guatemala, the platform represents an opportunity to continue expanding its commercial horizons since the Central American region is the most important destination for its exports.
According to the information provided by the Ministry of Economy (Mineco), the PDCC is financed by the European Union (EU), with funds administered by the Inter-American Development Bank (IDB) and executed by the Secretariat of Central American Economic Integration (SIECA). ). Furthermore, they highlight that this constitutes a historic step for the region in the digital transformation of intraregional trade processes and the implementation of technologies for trade facilitation.
#SIECANews
A historic milestone in Central America! ???????? ???????? ???????? ???????? ???????? ???????? ???????? ???? ????
Today the Launch of the Central American Digital Trade Platform (PDCC) took place.
Visit our website for more details! ???? SIECA (@sg_sieca) November 28, 2023
This platform seeks to facilitate interoperability between the regional node managed by SIECA and the national systems of the Single Windows for Foreign Trade, Customs, Immigration and the Ministries of Agriculture and Livestock. It has 71 functionalities which have been adopted by the countries of the region according to their needs and national reality, which will mainly allow:
Exchange of information between national systems and at the regional level through the PDCC. Process simplification. Creation of statistical databases. Allows paperwork in real time. Due to its characteristics and its contribution to improving competitiveness in a globalized world, the PDCC will provide: Cutting-edge technology at the service of regional trade, benefiting more than 52 million Central Americans who inhabit the region. Real-time information for decision-making regarding trade policy. Competitiveness indices of each of the countries and the Central American Economic Integration Subsystem. Compliance with international and regional agreements on trade facilitation. Simplification and systematization of processes, as well as the adoption of best international practices in foreign trade processes that open the regional market to the world.
Credit. SIECA
SIECA COULD CONTRIBUTE TO AN INCREASE IN GDP
Francisco A. Lima Mena, Secretary General of the SIECA, highlighted that according to a prospective study of the macroeconomic impact of the PDCC in the region, financed by the European Union, it is estimated that the effect of the implementation of the PDCC could mean an increase in the Gross Domestic Product (GDP) of the Central American region between 0.20% and 0.39%. In absolute terms, this represents a potential increase of between USD 234 and USD 460 million.
Therefore, positive effects are expected on regional exports; under a minimal success scenario, these could increase by 1.67%. Under a scenario of total success, the potential increase is estimated at an increase of 3.28%. Also, it is estimated that imports would increase between 1.49% and 2.92%.
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