Nigeria Customs Modernizes Ruling System to Ease Trade

Nigeria Customs Modernizes Ruling System to Ease Trade

The Nigeria Customs Service is actively implementing a national Advance Ruling System aimed at reducing trade costs, improving efficiency, and enhancing trade predictability for businesses by pre-determining commodity classification, tax rates, and other relevant matters. This initiative, part of the EU-World Customs Organization Africa HS project, draws on the successful experiences of Ethiopia and Liberia. It is expected to significantly improve Nigeria's business environment and promote economic development by providing clarity and certainty to traders before importation.

Burundi Adopts Competencybased HRM System for Revenue Authority

Burundi Adopts Competencybased HRM System for Revenue Authority

With support from the World Customs Organization, the Burundi Revenue Authority is undergoing modernization through the development of a competency-based HRM system. This aims to improve operational efficiency, increase tax revenue, and enhance stakeholder relations. The workshop focused on empowering the HR department to build a competency model and develop an action plan. The WCO will continue to provide support to help the Burundi Revenue Authority achieve its modernization goals. This initiative highlights the importance of HR in driving organizational change and improving public service delivery.

WCO Aids Namibia in Upgrading Customs System ASYCUDA

WCO Aids Namibia in Upgrading Customs System ASYCUDA

The World Customs Organization, through its 'Accelerated Trade Facilitation Programme,' is leveraging the experience of the Zambia Revenue Authority to enhance the Namibia Revenue Agency's application capabilities of the ASYCUDA World system. This initiative aims to promote trade facilitation and economic growth. The program emphasizes a 'Customs-to-Customs' cooperation model, facilitating knowledge transfer and practical site visits to improve the operational efficiency of the Namibia Revenue Agency.

WCO Helps Senegal Modernize Trade with Ruling System

WCO Helps Senegal Modernize Trade with Ruling System

With EU funding, the World Customs Organization (WCO) is supporting Senegal Customs in establishing a national advance ruling system. Through diagnostic assessments and action plan development, the initiative aims to improve trade facilitation in Senegal, reduce trade risks for businesses, and enhance customs clearance efficiency. Senegal is committed to actively promoting the development of this system, and the WCO will continue to provide support, contributing to global trade prosperity. The implementation of the advance ruling system is expected to streamline customs procedures and provide greater certainty for traders.

Turkmenistan Upgrades Customs System to Boost Trade Security

Turkmenistan Upgrades Customs System to Boost Trade Security

Turkmenistan Customs, in collaboration with the World Customs Organization (WCO), held a national workshop on risk management. The workshop aimed to assess and optimize the existing risk management system, enhancing trade security and customs clearance efficiency. It covered the WCO Risk Management Compendium, the latest tools and techniques, and the Authorized Economic Operator (AEO) program. In-depth discussions were held on risk assessment processes, response measures, information sharing, and cooperation. The workshop provides strong support for the modernization of Turkmenistan Customs.

Armenia Boosts Customs Efficiency with WCO Audit System

Armenia Boosts Customs Efficiency with WCO Audit System

The World Customs Organization (WCO) provided Post Clearance Audit (PCA) support to the State Revenue Committee (SRC) of Armenia, aiming to assist the country's customs administration in implementing a trader-centric audit model and enhancing trade facilitation. The mission covered PCA concepts, objective frameworks, systems audits, audit cycles, and risk management. This support helps Armenian Customs launch its first trader-centric audit pilot project. The initiative is expected to improve compliance and streamline trade processes, ultimately contributing to Armenia's economic growth and international competitiveness.

Comoros Enhances Trade with Wcobacked Single Window System

Comoros Enhances Trade with Wcobacked Single Window System

The World Customs Organization (WCO) conducted a diagnostic assessment of Comoros to assist the country in evaluating the feasibility of implementing a Single Window. The assessment will provide Comoros with tailored recommendations and capacity-building support to strengthen effective coordination between customs and other border agencies, enhance trade facilitation reforms, and move towards a Single Window environment. This initiative ultimately aims to promote economic development in Comoros by streamlining trade processes and reducing associated costs and delays.

Ibans Role in So Tom and Prncipes Banking System

Ibans Role in So Tom and Prncipes Banking System

This article analyzes the composition of the International Bank Account Number (IBAN) in São Tomé and Príncipe, including the country code, check digits, and Basic Bank Account Number (BBAN). It emphasizes the significance of IBAN in international remittances and highlights important considerations for its use.