ARUSHA Tanzania (Xinhua) --
procedures are said to cost some African countries 5
percent of their revenue, experts revealed on Wednesday.
Kisaale, Assistant Commissioner with the Uganda Revenue
Authority (URA), told a Roundtable Conference held in
Arusha on Trade Facilitation, that revenue losses
stemming from inefficient border procedures in some
countries were now exceeding five percent of the Gross
Domestic Product (GDP).
2013 study by Organization for Economic Cooperation and
Development (OECD), the URA official added that reducing
global trade costs by 1 percent would increase worldwide
income by more than 40 billion U.S. dollars, with
developing countries being the biggest beneficiaries.
would contribute the most to lower trade costs in
Sub-Saharan Africa were formalities, namely automation,
the simplification and harmonization of documents, and
information availability,” said Kisaale, while
addressing the one-day roundtable.
Bagamuhunda, EAC Director General in charge with Customs
and Trade, observed that Trade Facilitation was an
integral part of the EAC Customs Union Protocol which
explicitly provides for reduction in the number and
volume of trade documents.
noted that Trade Facilitation Agreement also provided
for the adoption of common standards of trade
documentation and procedures, coordination and
facilitation of trade and transport activities.
also the reviewing of procedures adopted in
international trade and transport facilitation with a
view to simplifying and adopting them for use in the EAC,”
further disclosed that an EAC Trade and Facilitation
Sub-Committee had been established to supervise the
implementation of the World Trade Organization (WTO)
Agreement on Trade Facilitation Agreement (TFA) at
regional and national levels.
of regional laws, regulations and procedures,
development of project proposals for resource
mobilization, and sensitization of stakeholders is
currently underway,” added the director general.
Bagamuhunda, Single Customs Territory (SCT) and the
inter-connectivity of customs systems were among some of
key TFA components to have been implemented by the EAC.
the EAC Secretariat, the one-day roundtable on trade
facilitation brought together EAC Development Partners
as well as Customs and Trade experts from the EAC
Secretariat and Partner States’ Ministries of Trade to
review and fast-track the implementation of the WTO TFA.