Public Management

SADC electronic certificate of origin to facilitate intra-regional trades

SADC electronic certificate of origin  to facilitate intra-regional trades
Monday, 12 September 2022 17:39

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Ghana enacts the VASP Bill 2025 to regulate digital assets under the Bank of Ghana, ending years of legal and regulatory ambiguity. The law mandates...
Sanlam Maroc takes a stake in Woliz, a local retail tech startup The deal marks Sanlam’s first long-term private equity venture in Morocco Investment...
Treasury securities issuance reached CFA5,272.8 billion from January to October Bond issues exceeded Treasury bills, signaling a shift to longer-term...
US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and investor risk premiums to rise sharply. The Naira...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.