Automation of key trade processes, reduction of non-tariff barriers, improved standards testing and border infrastructure upgrades spur trade in Rwanda US $65 million invested in the six year programme that kicked off in 2010 Interventions have contributed to reducing the cost of transporting containers from Mombasa to Kigali from $6500 in 2011 to $4800 in 2016 saving the country approximately $7 million Interventions have had a net return of $100Million. Rwanda ranking in trading across borders improved 44 places (from 131 to 87) contributed mostly by investments made by TMA that have reduced time it takes to export and import and exit borders. Kigali, November 21, 2016: The cost and time of doing business in Rwanda has reduced significantly as a result of elimination of Non-Tariff Barriers (NTB’s), automation of key trading processes, improvement in standards testing and capacity building to build export capability, says a TradeMark Africa (TMA) 2016 Independent Evaluation report. The report by consulting firm MarketShare says the organisation is on track to achieve its target of reducing by 15% the time it takes to transit a cargo container through East Africa’s main transport corridors. TMA made the announcement while launching the report in Kigali in the presence of Minister of Finance and Economic Planning, Hon. Ambassador Claver Gatete. The interventions funded by TMA between 2010 and 2016 at a cost of $65 million and implemented in partnership with the Government of Rwanda (GOR) have contributed to a reduction in cost for transporting containers from Mombasa to...
Reduction of non-tariff barriers, improved standards testing and border infrastructure upgrades
Posted on: November 23, 2016
Posted on: November 23, 2016