COMESA goods to pay single customs bond
GOODS in transit in the Common Market for Eastern and Southern Africa (COMESA) states are to have a single customs bond guarantee. This follows the launch of the COMESA Regional Customs Transit Guarantee (RCTG) scheme in Kampala.
By Patrick Jaramogi
GOODS in transit in the Common Market for Eastern and Southern Africa (COMESA) states are to have a single customs bond guarantee. This follows the launch of the COMESA Regional Customs Transit Guarantee (RCTG) scheme in Kampala.
Previously, goods to Rwanda through Kenya and Uganda had to pay dues at all border points.
But now traders will no longer pay custom dues at every border for goods in transit, but will pay once at the point of entry.
The National Insurance Corporation, which is the national bureau of the COMESA Yellow Card, was also appointed the interim national surety of the RCTG scheme.
Trade state minister Nelson Gagawala Wambuzi presided at the launch, which had representatives from 20 member states at Hotel Equatoria in Kampala.
Wambuzi said, “Trade facilitation is an important tool of economic development for developing countries, especially landlocked ones like Uganda.â€
He said customs security was one of the major difficulties in freight transport and trade facilitation.
Wambuzi told national customs administrators to standardise customs procedures.
GOODS in transit in the Common Market for Eastern and Southern Africa (COMESA) states are to have a single customs bond guarantee. This follows the launch of the COMESA Regional Customs Transit Guarantee (RCTG) scheme in Kampala.
Previously, goods to Rwanda through Kenya and Uganda had to pay dues at all border points.
But now traders will no longer pay custom dues at every border for goods in transit, but will pay once at the point of entry.
The National Insurance Corporation, which is the national bureau of the COMESA Yellow Card, was also appointed the interim national surety of the RCTG scheme.
Trade state minister Nelson Gagawala Wambuzi presided at the launch, which had representatives from 20 member states at Hotel Equatoria in Kampala.
Wambuzi said, “Trade facilitation is an important tool of economic development for developing countries, especially landlocked ones like Uganda.â€
He said customs security was one of the major difficulties in freight transport and trade facilitation.
Wambuzi told national customs administrators to standardise customs procedures.