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LatinNews Daily - 28 May 2015

US provides US$31.85m in security cooperation to Panama

Argentina: On 20 May Argentina and the US signed a 10-year agreement to extend the Container Security Initiative (CSI), first inked in 2005. Created in 2002 by the US Customs and Border Protection agency (CBP), the CSI was a response to the September 2001 attacks, aimed at ensuring security against possible terrorist threats. According to a CBP press release, the agency has installed 58 operational ports around the world that pre-screen and evaluate maritime containers in their country of origin before being shipped to the US to minimise the potential security risks. At a meeting in Buenos Aires, both the director of Argentina’s federal tax agency (AFIP), Ricardo Echegaray, and the US’s CSI director, Daniel Stacjar, explained that the new agreement will also broaden the scope of the first pact to include narcotics, guns, violations to intellectual property, precursor chemicals and illicit revenues, among other things. According to Echegaray, this will strengthen “the solvency and certainty of a safe and transparent foreign trade with the US”. For his part, Stacjar highlighted the consolidation of the bilateral relations between both countries and affirmed the importance of the work made by the international community in order to “ensure the global supply chain, protect the world economy and facilitate the legal cargo movement”.

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