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Denmark boosts Uganda trade capacity

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Wednesday, 24 September 2014

Denmark boosts Uganda trade capacity

Importers and business people will soon get timely and efficient services at clearance points following a partnership deal that was signed between the Royal Danish Embassy, Uganda and TradeMark East Africa ( TMEA ).

This is in support of the National Electronic Single Window (NESW). Once implemented, NESW will improve availability and easy access to international trade documents and information leading to reduced transaction delays and costs. The Danish ambassador, Dan e Frederiksen said his government will provide TMEA with a grant of $5 million (which will be paid in phases. Each phase is supposed to take one year) in support of their efforts to reach the agreed objectives and outputs of the NSEW.

“I am particularly impresses with the custom reforms at the URA. The new system and advanced technology introduced will help in improving trade in Uganda and the rest of the world. We have confidence in the NSEW program because it’s objectives are clear. We are grad to be partners with TMEA for this good cause,’’ Ambassador Fredrick said.

TradeMark East Africa Country Director, Allen Asiimwe said Uganda still lags behind compared to other East African countries in terms of how much they export.

She said this is caused by the long delays spent in securing documents. She said the single window will not only save time, but also money spent in securing all the documents needed for one to export goods.

Source : allafrica.com