Cambodia adopts ASEAN service for customs clearance

Dec 29th at 07:37
29-12-2020 07:37:04+07:00

Cambodia adopts ASEAN service for customs clearance

Cambodian importers and exporters can now apply for ASEAN Customs Declaration Documents (ACDD) electronically through the ASEAN Single Window (ASW), the General Department of Customs and Excise of Cambodia (GDCE) said on December 24.

The documents will be recognised by authorities of the 10 ASEAN member states, which brings the facilitation of trade and customs clearance in the region up a notch.

The GDCE said it will implement the “exchange of ACDD and ASEAN Trade in Goods Agreement [ATIGA] e-Form D which are issued by the authorities of the ASEAN member states from the date of the announcement”.

Cambodia Chamber of Commerce vice-president Lim Heng said the paperless system initiative marks significant progress for cross-border trade promotion and trade facilitation that the private sector has been calling for.

The move “also contributes to reducing the bureaucracy and customs barriers. We have observed that the government has been modernised not only in customs and excise but also in taxation”, he said, noting that technology use has cut down on face-to-face interactions.

“We wish to see this kind of paperless system be applied not only among ASEAN member states but also with other countries,” Heng said.

The ASW is a regional initiative that links and integrates the National Single Windows (NSWs) of the 10 ASEAN member states, according to the ASEAN Secretariat.

“The ASW’s objective is to expedite cargo clearance and promote ASEAN economic integration by enabling the electronic exchange of border trade-related documents among ASEAN member states,” it said.

Anthony Galliano, the group CEO of financial services firm Cambodian Investment Management Holding Co Ltd, pointed out that Cambodia now interfaces with other participating ASEAN members who have successfully adopted the ASW initiative.

“Cambodia can take advantage of this secure IT architecture and legal framework that will allow trade, transport and commercial data to be exchanged electronically among government agencies and the trading community,” he said.

Among the benefits are the seamless, secure and reliable exchange of data based on international standards between member states and trading partners, he said.

Additional benefits include a binding legal framework that governs both domestic and cross-border exchange of data and visibility of data on cargo clearance between member states that provides valuable information on economic integration, he added.

“The ATIGA e-Form D facilitates cargo clearance process, reduces cost, accelerates process time, and results in transparency, and trade efficiency and competitiveness,” Galliano explained.

According to the ASEAN Secretariat, all 10 countries in the bloc had joined the ASW Live Operation by the end of last year, where it said “the grating of preferential tariff treatment would be based on the Electronic Certificate of Origin – ATIGA e-Form D – exchanged through the ASW.

“The ASW Live Operation will continue to open a vast window of opportunities for ASEAN to include more documents, such as [ACDD], electronic Phytosanitary Certificate [e-Phyto], electronic Animal Health Certificate [e-AH] and electronic Food Safety Certificate [e-FS] Certificate to be exchanged through the ASW in the future,” it said.

According to the secretariat, total ASEAN food exports clocked in at $55.6 billion in 2018, while food imports surged to $43.2 billion, accounting for 9.2 and 7.3 per cent of global food exports and imports.

phnompenh post




RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Kandal, agri-firm ink safe-crop MoU

The Kandal provincial Department of Agriculture, Forestry and Fisheries on December 25 will work with local agribusiness firm Davane Plc to champion safe fruits and...

Ministry calls for exporters to prepare for post-Brexit UK

The Ministry of Commerce has informed local manufacturers and exporters that Cambodia had been designated a “least developed country” (LDC) under the UK’s...

Top six agro-industrial crops net Kingdom $2.32B in 2020

Cambodia exported 8.55 million tonnes of its six most profitable agro-industrial crops, through formal and informal channels, worth more than $2.32 billion this...

Two firms get priority rights to mines

The Ministry of Mines and Energy has given the nod to two companies to continue their exploration licence approval processes for some 207sq km of gold-polymetallic...

China firm backs B’bang solar farm

The Chinese-based Risen Energy inked a long-term debt financing agreement worth $45 million to back a 60MW solar energy project in Battambang province.

Fisheries output near 1M tonnes

Fisheries production in Cambodia this year is expected to clock in at 936,300 tonnes, up 3.06 per cent from the 908,508 tonnes logged in for the entire year 2019...

Koh Kong to get seven eco-tourism sites to wake up sleepy sector

Koh Kong will welcome seven new eco-tourism sites aimed to attract more foreign and local tourists to the Kingdom’s second largest coastal province, according to...

Ministry moves to pen accord to develop major logistics hub

The Ministry of Public Works and Transport plans to finalise a draft on “Framework Agreement” for the Phnom Penh Logistics Centre (PPLC) development project soon...

SEZ developer PPSP breaks ground on new rental warehouse

The Cambodia Securities Exchange- (CSX) listed Phnom Penh SEZ Plc (PPSP) on December 21 broke ground on a new rental warehouse which is expected to be operational...

B Meanchey trade fair postponed

The Ministry of Commerce on December 18 said it will indefinitely postpone another trade fair under the umbrella of the fifth season of its “Buy Cambodian Campaign”...


MOST READ


Back To Top