Between 2008 and 2018, intraregional trade rose by more than four percentage points, from 15.2% to 19.5%, in the SADC region. By implementing several measures, regional authorities want to increase that rate.
The Southern African Development Community (SADC) launched, Wednesday (September 7) its electronic certificate of origin (e-CoO) to facilitate intra-regional trade. The launch was announced the following day in a release published on the community’s website.
The electronic certificate will replace the manual one. It is aimed at “simplifying customs procedures, enhancing e-Commerce, eliminating fraud, improving record management and statistical data, reducing cross-border certificate verification time as well as reducing the cost of doing business.”
According to John Biziwick, Commissioner General of the Malawi Revenue Authority (MRA), the initiative “will improve the way business is conducted in the Region because the challenges that were associated with the manual processing of the certificate will be eliminated.”
e-CoO is an electronic document that will be issued by an authority certifying that goods declared by an exporter or importer comply with specific rules, per criteria set out in the SADC trade protocol. It will initially be implemented in Malawi, Zambia, and Eswatini.
On Tuesday, July 5, the community announced the development of new measures to address issues that increase transaction costs. The measures, which aim to boost intra-regional trades, include the simplification and harmonization of trade documents. They also include improving transparency in the operations of regulatory agencies, harmonizing standards and technical regulations, harmonizing sanitary and phytosanitary (SPS) measures, monitoring and resolving non-tariff barriers (NTBs), and improving the business environments.
In addition, they plan to build the North-South Corridor (NSC) during the 2021/2022 fiscal years. The corridor will connect the South African port of Durban to Lusaka (Zambia), Lubumbashi (DRC), Lilongwe, and Blantyre (Malawi) via Johannesburg ( South Africa) Botswana, and Zimbabwe.
Jean-Marc Gogbeu
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbre...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Maluku SEZ to receive river dock to boost logistics Saphir Ceramics funds dock to improve exports via river Facility supports growing industrial...
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
Nigeria considers increasing 75 MW electricity exports to Togo Talks focus on meeting rising demand and recent supply disruptions Expansion depends on...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime against humanity Backed by AU, CARICOM; aims support...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...