TANZANIAN traders are expected to benefit as import and export will become easier thanks to the launch of an electronic Certificate of Origin payment system which is expected to enhance trade efficiency. The system under the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) project through financial support of TradeMark Africa was launched in Dar es Salaam over the weekend. It is to expedite application and issuance of delivery of Certificates of Origin (CO) by reducing physical movements and time taken to process the document and thus cutting on days of processing the vital certificates. Speaking at the event, TMA Tanzania Country Director, John Ulanga said, “We TMA are very happy to assist TCCAI on this project of LIPA FASTA system, because this is the aim of TradeMark Africa (TMA) which is growing prosperity in East Africa through trade. He said: “We believe that enhanced trade contributes to economic growth, a reduction in poverty and subsequently increased prosperity towards improving the business environment in Tanzania, promoting trade and bringing business prosperity in Tanzania”. Ulanga said TMA has spent more than 600,000 US dollars in achieving this project for the Tanzanian Industries and Agriculture Association, TCCIA, but also has supported Zanzibar Industries Association, ZNCCIA. The project has been made possible from the support of funds provided by the UK Government through its International Development Agency (DFID) through TradeMark, East Africa, (TMA) which oversees the implementation of the project. He said trade improvements, opening more opportunities for Tanzanians to trade, the rest...
New e-pay system to boost trade efficiency
Posted on: October 3, 2017
Posted on: October 3, 2017