Tag: Customs Clearance


Egypt: Sisi Orders Shortening Customs Clearance Time, Simplifying Procedures

Egypt: Sisi Orders Shortening Customs Clearance Time, Simplifying Procedures

7th October 2020 – Sisi orders shortening customs clearance time, simplifying procedures President Abdel Fattah El Sisi has ordered the customs development strategy to be focusing on the governance of Egypt’s exports and imports, in addition to simplifying customs clearance procedures and shortening their time. Sisi issued his directives on Tuesday 6/10/2020 at a meeting with Prime Minister Mostafa Madbouli and Finance Minister Mohamed Maait. The meeting tackled a...

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AEO customs transactions make 61% of Dubai Customs activity in H1, 2020

AEO customs transactions make 61% of Dubai Customs activity in H1, 2020

4th October 2020 – Figures released by Dubai Customs showed that customs transactions done through the Authorized Economic Operator (AEO) reached 4.4m constituting 61% of the total number of transactions (7.2m) in H1, 2020. The leading program has played an important role during the pandemic in facilitating external trade. Companies, members of the program, boosted their business activity, especially in importing foodstuff and medical supplies, motivated by a number...

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BDO and Fexco launch customs clearance service

BDO and Fexco launch customs clearance service

From January 1 next year, all exports from Ireland to the UK and imports from the UK to Ireland will legally require customs clearance documentation 23rd September 2020 Financial services firm Fexco has partnered with BDO to launch a new customs clearance service to assist Irish businesses to manage the substantial increase in customs clearance post Brexit. Declaron is designed to ensure customer compliance with new customs rules, avoiding...

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New scheme aims to speed up trade flows in Asean

New scheme aims to speed up trade flows in Asean

21st September 2020 – Initiative lets certified exporters self-certify origin of goods, saving companies time and costs Starting yesterday, companies such as DIP Investments, which produces and exports surgical masks, will benefit from a scheme that aims to facilitate trade in Asean. They will not have to apply to the authorities for a hard-copy certificate that verifies the origin of their goods. Instead, as part of the new Asean-wide...

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Dealing with customs declarations key to avoid being overwhelmed by Brexit

Dealing with customs declarations key to avoid being overwhelmed by Brexit

September 20 2020 – Regardless of the outcome of the Brexit negotiations, our trading relationship with the UK will change fundamentally and irrevocably on January 1. While the Brexit process may have been plagued with uncertainty up until now, the only absolute certainty in relation to the trading relationship is that moving goods to, from, or through the UK (excluding Northern Ireland) will require a customs declaration from January...

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Zelensky obliges govt to create information resource for declaring goods – decree on fight against smuggling

Zelensky obliges govt to create information resource for declaring goods – decree on fight against smuggling Ukrainian President Volodymyr Zelensky has signed a decree aimed at decreasing smuggling and corruption during customs declaration of goods imported to the customs territory of Ukraine. According to the decree signed on Tuesday, the Cabinet of Ministers of Ukraine on the unified web portal of the executive authorities should ensure the creation of...

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Japan’s export control to further strain Korean economy

The Korean Times July 5, 2019 By Lee Kyung-min  Japan’s export control of key materials needed to produce semiconductors and displays will deal a significant blow to Asia’s fourth-largest economy, economists said Friday.  “Given that semiconductors account for about 6 percent of the country’s GDP, a 10 percent drop in the export volume could lead to a 0.6-percentage-point drop in the growth rate,” KB Securities Chief Economist Chang Jae-chul...

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China rolls out measures to facilitate customs clearance

Li Xia BEIJING, July 3 (Xinhua) — China has adopted 10 concrete measures to streamline customs clearance by cutting time and improving work efficiency, according to the General Administration of Customs Wednesday. Those measures are mainly targeted at further simplifying documentations, optimizing clearance processes to raise efficiency, enhancing port informatization and lowering port charges, said Hu Wei, vice minister of the administration. At present, the number of documents required...

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Non-tariff barriers hurdle for Asean community targets

The Business Times July 1, 2019 WITHOUT a stronger focus on tackling non-tariff barriers, Asean will not accomplish the objectives of the Asean Economic Community (AEC) and will fail to meet the targets in the AEC Blueprint 2025, warns a June 22 report. Jointly commissioned by the European Union-Asean Business Council (EU-ABC) and the Asean Business Advisory Council (Asean BAC), the report examines non-tariff barriers in the region’s automotive,...

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Cambodia launches National Single Window

Chea Vannak / Khmer Tim July 1, 2019 Aun Pornmoniroth, The Ministry of Economy and Finance of the Cambodia last week launched the National Single Window (NSW) aiming to facilitate import and export activities. According to a statement dated June 25, NSW is a facility that allows parties involved in trade and transport to lodge standardised information and documents with a single entry point to fulfill all import, export,...

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