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International Commercial & Trade

Client Alert | May 30, 2024

Peru: The customs procedure for temporary admission for re-exportation in the same state has been modified

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    Description

    Currently, Peruvian companies trade in an interconnected, globalized and competitive world. Although the implementation of free trade agreements with several countries and commercial partners has significantly boosted openness, disparate local regulation and business practices have created major challenges. Under this context, businesses require competent and professional advice to successfully compete and develop complex global operations, successfully identifying comprehensive solutions.

    Our team has broad experience and a well-earned reputation of assisting companies to develop and execute sophisticated trade policy and customs strategies to improve their competitive position and market access, and to minimize risk arising from international trade developments.

    Our specialized services enable us to design management strategies throughout the whole chain of supply, from investment and cost planning, preparation of international agreements, advice on customs clearance, logistics and transport, to the analysis of tariff preferences and the removal of access or regulatory barriers that how companies can do business in the market.

    Core services

    • Advice and planning as regards the advantages negotiated in World Trade Organization (WTO) agreements, regional treaties and bilateral treaties applicable to Peru.
    • Support in trade facilitation and customs related with the entry and exit of goods at the border or through an ex post customs audit.
    • Legal advice on customs valuation.
    • Advice on rules of origin, tariff classification and direct shipment.
    • Advice on trade of restricted goods and services (pharmaceutical products, food and chemical supplies, among others).
    • Negotiation, advice and representation of our clients in domestic (SUNAT, Tax Court or INDECOPI) and international litigation (WTO, Andean Community or dispute settlement on bilateral treaties) on trade and customs matters.
    • Drafting and support in distribution, supply, franchise, technology and agency agreements.
    • Planning and structuring international business operations, INCOTERMS and letters of credit.
    • Development of and legal strategy for international transport and logistics (supply chain management).
    • Design and implementation of methods to benefit from suspensive customs procedures, preferential negotiations and progressive sanctions and incentive regimes, as well as Authorized Economic Operators programs.
    • Assistance and representation in trade remedies — dumping, subsidies and safeguards
    • Support in terms of labeling of products.
    • Identification and advice on technical barriers to trade or sanitary and phytosanitary measures.
    • Counselling on cross-border measures against counterfeit products.

    Key Contacts

    Manlio Bassino
    Partner
       Lima
       +51 (1) 618 8507
       vCard
         manlio.bassino@bakermckenzie.com
    Gonzalo Bernal
    Partner
       Lima
       +51 (1) 618 8504
       vCard
         gonzalo.bernal@bakermckenzie.com

    Publications

    Client Alert | September 13, 2024
    Peru: Deforestation Free Certificate approved for areas free of illegal logging
    Environmental / International Commercial & Trade
    Client Alert | May 30, 2024
    Peru: The customs procedure for temporary admission for re-exportation in the same state has been modified
    International Commercial & Trade
    Client Alert | February 13, 2024
    Peru: Importers alert - New requirements to verify payment method
    International Commercial & Trade
    Client Alert | September 27, 2023
    Peru: Law approved to promote the provision of information on gluten-free foods to consumers
    Competitive Bidding | Healthcare & Life Sciences | Constitutional Law
    Client Alert | April 20, 2023
    INDECOPI eliminates the ban on the use of octagon adhesives in imported processed foods as a non-tariff trade barrier
    International Commercial & Trade
    Client Alert | January 6, 2023
    Temporary reduction of the costs of imported inputs relevant to the national economy is approved
    International Commercial & Trade
    Client Alert | January 3, 2023
    Peru: The deadline for the use of octagon adhesives on imported food is extended
    International Commercial & Trade | Healthcare & Life Sciences
    Client Alert | December 30, 2022
    Trade facilitation measures for household hygiene products and absorbent personal hygiene products
    Healthcare & Life Sciences
    Client Alert | October 27, 2022
    New regulation on labeling law

    International Commercial & Trade

    Client Alert | July 19, 2022
    Draft Supreme Decree that updates the technical parameters in processed foods is published for comments
    Client Alert | April 11, 2022
    Peru: Sanctions for violations of regulations requiring digitalization of all processes linked to the foreign trade logistics chain are now in effect
    Client Alert | March 29, 2022
    Law on customs offences amended
    International Commercial & Trade
    Client Alert | February 11, 2022
    INDECOPI orders MINSA not to prohibit use of octagon adhesives in imported products
    International Commercial & Trade
    Client Alert | June 17, 2021
    Tariff preferences procedure between Peru and the United Kingdom is approved
    International Commercial & Trade
    Client Alert | June 17, 2021
    Tariff preferences procedure between Peru and the United Kingdom is approved
    International Commercial & Trade
    Client Alert | June 1, 2021
    Procedure for the elimination of non-tariff trade barriers approved
    International Commercial & Trade
    Client Alert | December 13, 2019
    Regulations of the General Customs Law are amended
    Spanish content
    Newsletter | August 21, 2019
    Newsletter: International Trade and Customs
    Spanish content

    News

    Announcements | April 12, 2022
    The ban on the use of Octagon stickers on imported food constitutes a nontariff trade barrier
    Announcements | August 3, 2021
    Estudio Echecopar announces its newest professional promotions
    Press Release
    Acknowledgments | February 19, 2020
    Best Lawyers 2020
    Spanish content
    News | December 3, 2019
    Foreign Trade Revolution: How can Blockchain help us?
    Spanish content
    Events | October 18, 2019
    Incoterms 2020
    Spanish content
    News | October 2, 2019
    Free Trade Zones
    Tax Avoidance Engines or Competitiveness Boosters? | Spanish content
    News | September 17, 2019
    The ABC’s of Franchise Agreements | Part 2
    Spanish content
    News | September 5, 2019
    The ABC’s of Franchise Agreements | Part 1
    Spanish content

    Acknowledgments

    • Chambers & Partners
      Practices202120222023
      International Commercial & TradeBand 1Band 1Band 1

      Testimonials

      Band 1: Chambers and Partners Latin America — 2023

      Baker McKenzie houses an eminent practice boasting highly esteemed international trade expertise. The firm's impressive roster of domestic and international clients spans sectors including aviation, TMT and retail. The team is also highly experienced advising industry associations. The department is adept at assisting with customs, competition and WTO regulatory matters, as well as issues relating to free trade agreements. Perufarma and Motorola Solutions Perú count as new client wins for the firm.
      Strengths "The international trade team at Baker McKenzie knows how to adapt to their client's business vision, understanding their needs and developing a strategy to deal with the problem." "Baker McKenzie's team has the ability to handle complex and sophisticated matters, as well as very strong commercial awareness."Work highlights Baker McKenzie advised the Peruvian Association of Agroindustrial Companies of Sugar and Related Products on increasing custom duties placed upon the importation of agricultural projects, as well as on amendments to the Peruvian price band system.

      Band 1: Chambers and Partners Latin America — 2020

      Clients praise the firm's expertise and familiarity with the governmental customs agencies, which "has permitted us to carry out several projects and to avoid unnecessary tasks."

    • The Legal 500
      Practices202120222023
      International Commercial & TradeBand 1Band 1Band 1

      Testimonials

      Band 1: The Legal 500 — 2023

      Estudio Echecopar member firm of Baker McKenzie International is well placed to handle international trade matters by virtue of its global footprint and it has been assisting clients with the economic impact of the Covid-19 pandemic, recently. Aware of the challenges of doing business globally, the firm offers viable alternative remedies to trade barriers and acts for several trade bodies and associations, as well as large multinational corporations and domestic businesses. With industry-focused knowledge in agriculture, food and beverage, aviation, healthcare and technology, the team advises clients on changes in regulatory enforcement, as well as customs issues and disputes, including litigation. Practice head Luis Alonso Garcia was formerly vice minister of Foreign Trade in Peru and is recommended for compliance and contentious matters. Gonzalo Bernal was recently promoted to partner and focuses on foreign trade and customs matters.

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