The AfCFTA is a vote of confidence in the value of international economic integration when trade conflicts are rife globally, writes Bohani Hlungwane The countdown has begun towards the “go-live” date of the African Continental Free Trade Area (AfCFTA) on 1 July 2020, which will potentially be a game changer for the continent, with its…
DetailsXPO Logistics chairman and chief executive officer Bradley Jacobs was grilled by market analysts at a conference call yesterday on why he is considering a break-up of the company. Last month, the US-based transport and logistics giant announced that it was undertaking “a review of strategic alternatives”, including the possible sale or spin-off of one…
DetailsAfter an abysmal outing by Nigerian seaports during an IMF inspection recently, SAMSON ECHENIM writes that genuine and clear-cut trade facilitation programmes must be entrenched at the country’s ports to ensure reduced cargo dwell time and general smooth trading. The International Monetary Fund (IMF) team that visited the seaports in Lagos had come and gone…
DetailsForwarders and hauliers now have enough clarity to start preparing for a post-Brexit business landscape, according Peter MacSwiney, chairman of Customs clearance solutions provider Agency Sector Management (ASM). There is limited time to implement the systems needed to tackle trade friction following the UK Government’s announcement this week that import controls would be brought in…
DetailsToll has reported that its teams worldwide are continuing to work tirelessly to ensure all customers and stakeholders have access to the transport and logistics company’s services following drastic measures to contain a ransomware attack. The company issued a statement outlining how it is progressing with thorough testing and validation of its IT systems, in…
DetailsIn a bid to crack into the top 50 position in Trading Across Borders as part of the World Bank’s ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) has introduced machine-based automated clearance of imported goods. The new initiative is being piloted at Jawaharlal Nehru Port Trust (JNPT) and Chennai…
DetailsA majority of European companies in Myanmar say they are affected by the COVID-19 pandemic with some expecting a loss of revenue of more than 50 percent, according to the latest corporate survey conducted by the European Chamber of Commerce in Myanmar. Yangon-based EuroCham Myanmar last month conducted a survey to map out the expected…
DetailsMANILA, Philippines – Nearly 5,000 shipments of personal protective equipment (PPEs) for frontliners addressing the coronavirus disease (COVID-19) crisis have been released from ports by the Bureau of Customs (BOC). Information from the BOC Public Information Office on Friday showed that a total of 4,669 shipments of PPEs have arrived in the country from March…
DetailsCanada Border Services Agency (CBSA) on the 27 March 2020 issued a Customs Notice CN20-11 regarding the extension of timeframes for the payment of customs duties and the Goods and Services Tax (GST) due to COVID-19 pandemic. The deferral allows businesses to defer payments due for March, April and May to June 1, 2020. Subsection 33.7(1) of the Customs…
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Feb 7 2020 / VNA Auxiliary border gates between the northern province of Lang Son and China’s Guangxi province will be reopened on February 10 to facilitate border trade between the two neighbours. Lang Son (VNA) – Auxiliary border gates between the northern province of Lang Son and China’s Guangxi province will be reopened on…
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