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EXPERT MEETING ON TRADE FACILITATION

EXPERT MEETING ON TRADE FACILITATION. COMESA’S EXPERIENCE ON TRADE FACILITATION IN RELATION TO REGIONAL ECONOMIC INTEGRATION AND DEVELOPMENT. BY ARNOLD NKOMA. 1.0 INTRODUCTION. Technological advancement. Trade facilitation against Securing supply chain. Infrastructure limitations

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EXPERT MEETING ON TRADE FACILITATION

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  1. EXPERT MEETING ON TRADE FACILITATION COMESA’S EXPERIENCE ON TRADE FACILITATION IN RELATION TO REGIONAL ECONOMIC INTEGRATION AND DEVELOPMENT. BY ARNOLD NKOMA

  2. 1.0 INTRODUCTION • Technological advancement. • Trade facilitation against Securing supply chain. • Infrastructure limitations • COMESA evolution and challenges of Trade Facilitation • Interventions and way forward • Sustainable economic development can only be possible through regional economic integration.

  3. 2.0 BACKGROUND • 1981-Preferential Trade Area (PTA) was formed with the aim of attaining sustainable growth and development • 1994-PTA was transformed into a Common Market for Eastern and Southern Africa. • 2000-COMESA Free Trade Area(FTA) was launched with the aim of eliminating all tariffs and the non-tariff barriers among the participating states.

  4. 2.0 BACKGROUND Cont • 2008-Customs Union to be launched Studies have shown that international transport account for 20.7% of the cost in Sub-Sahara • while for the rest of the world it is only 5.1% • For other African countries it is 12.7% • The challenge is that most COMESA Member States are sub-Sahara

  5. 3.0.CHALLENGES. • Customs Clearing Agents • Clearing Fees • Demurrages • Data on Transit Period • Revenue leakage • Infrastructure

  6. 3.0 CHALLENGES Conti Delays in Transit • Capacity of Agent • Documentation • Competencies • Integrity • Coordination • Technology • Operation Hours • Information

  7. 4.0 INTERVENTIONS • COMESA Customs Declaration (CD) • Automation of Customs Procedures • Capacity Building • Protocol on Transit Trade and Trade Facilitation • Regional Customs Bond Guarantee Scheme • Protocol on Rules of Origin • Licensing of Clearing Agents

  8. 4.0 INTERVENTIONS Conts • Joint Border Controls • Implementation of Common Customs Standards. • Protocol on Third Party Vehicles

  9. 5.0 WAY FORWARD • Customs Union • Regional Customs Bond Guarantee scheme • Standards for Computer systems interfacing • Publication and dissemination of information • Risk management and database creation.

  10. 6.0 CONCLUSION • Trade Facilitation requires holistic regional approach • Infrastructure Development is cardinal • Technical and financial assistance is also required

  11. Thank you for your attention.

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