Trade agencies and Economic Operators improve efficiency in execution of key trade processes, which will result into reduction of time and cost of trade.
Traders in the East African Community (EAC) currently spend numerous days visiting multiple government agencies in various locations to obtain regulatory information permits, trade licenses and clearance certificates to complete import and export processes. This results in huge costs and time loss for the traders.
The Single Window Information For Trade (SWIFT) System (or Single Window) is a trade facilitation concept that enables international (cross-border) traders to submit regulatory documents at a single location and/or single entity. These documents typically include customs declarations, applications for import/export permits, and other supporting documents such as certificates of origin and trading invoices. Key expected results include;
- Trade Agencies and Economic Operators improve competency in using the SWIFT.
Economic Operators and Trade agencies improve efficiency in execution of key trade processes
To counter these inefficiencies in trade facilitation, governments in the EAC have set up national Electronic Single Windows with revenue and port authorities, cross-border trade certification agencies and the private sector. In support of this initiative, TMEA is working with the Tanzania Ministry of Agriculture to automate their trade facilitation business processes and set up their trading regulations information portal.