Namibia Hosts Workshop To Boost Smooth Trade In Southern Africa
Muhammad Irfan Published October 24, 2023 | 12:20 PM
WINDHOEK, (APP - UrduPoint / Pakistan Point News - 24th Oct, 2023) -- Namibia is hosting a workshop aimed at raising awareness and preparing for the piloting, domestication and implementation of the Regional Customs Transit Guarantee (RCTG) Scheme, which introduces a single customs transit bond recognized and applicable in all Southern African Development Community (SADC) member states.
Speaking at the opening of the workshop on Monday, Sam Shivute, commissioner of the Namibia Revenue Agency, said the scheme will streamline customs procedures, facilitate trade and ultimately boost the economies of SADC countries.
"The SADC RCTG Scheme initiative comes at a time when our country and the SADC regional economic bloc face numerous economic and financial challenges. The seamless movement of goods across our borders will catalyze to unlock the bottlenecks that exist throughout the supply chain, largely due to some customs rules and processes currently in use," Shivute said.
According to Shivute, the RCTG Scheme will address non-tariff barriers and enhance the legitimate movement of goods, services and people across borders.