Customs compliance is increasingly emerging as an important strategic tool to fuel your business growth.
Technological advancements can help by harnessing the power of customs. Here are the customs trends that can support your business growth, to read more, click here: Customs Trends
The Nigerian Customs Service says it is exploring the use of advanced Artificial Intelligence to combat the challenge of smuggling and to boost trade in Nigerian seaports and land borders.
The Comptroller-General of Customs, Adewale Adeniyi, stated this disclosure during the unveiling of the Time Release Study service at a two-day workshop on Virtual Reality Technology installation, organised by the World Customs Organisation recently.
The Assistant Comptroller-General, Malanta Yusuf, represented the customs boss at the VRT training. He described the adoption of technologies such as VR and TRS as initiatives to streamline cargo clearance and boost trade enhancement in Nigeria.
He explained that TRS is a globally acknowledged tool by WCO to facilitate the clearance of goods from arrival until their physical release.
The comptroller-general said, “Today, we are joining other Customs administrations in the world that have embraced the tools developed by the World Customs Organisation to promote the growth of international trade.
“The WCO remains steadfast in its commitment to advancing customs procedures through various instruments and tools, such as the Revised Kyoto Convention and the WTO Trade Facilitation Agreement.
“Among these initiatives is the Time Release Study developed to provide comprehensive insights into customs operations’ efficiency as the TRS in Nigeria, starting with Tincan Island Port, serving as the pilot location.”
Source:Punch
Visa-free travel for African nationals could provide a big boost to the region’s economies.
Rwanda has opened their borders to other Africans, enabling visa-free travelling. After Benin, Gambia and Seychelles. Kenya has stated to be the next country to go the same way.
Learn more about the implementation of the African Continental Free Trade Area agreement: https://ow.ly/JmWt50QCS3W
Source: WEF
You must be logged in to post a comment.