" ITREALMS: UNCTAD facilitates trade, transit in developing countries - ITREALMS

Saturday, April 22, 2023

UNCTAD facilitates trade, transit in developing countries - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The United Nations Conference on Trade and Development (UNCTAD) has concluded training for
 61 transit coordinators from 12 countries across Africa and Latin America, reports ITREALMS.
© Shutterstock/Daniel Humberto Umana | An aerial view of the Port of Acajutla in El Salvador.
UNCTAD in its latest newsletter available to ITREALMS said its training gave boost to the capacity of national transit coordinators, easing the flow of goods across borders and strengthening economic cooperation in Africa and Latin America.

The message from an UNCTAD event held at UN headquarters in New York on 20 April, stressed the importance of helping trade flow as freely as possible across borders.

This, UNCTAD also said, requires stronger cooperation, globally and regionally.

The event, gathering over 200 participants, concluded a month-long intensive training for 61 transit coordinators from 12 countries across Africa and Latin America.

The landmark Trade Facilitation Agreement of the World Trade Organization (WTO) encourages countries to appoint a national coordinator to facilitate the movement of goods in transit while respecting specific regulations, documentation and customs requirements.

But as of April 2023, only three WTO members had officially nominated such a coordinator.

"It’s in countries’ interest to appoint coordinators and then let others know about them for better cross-border coordination," said Jan Hoffmann, head of UNCTAD’s trade logistics branch.

UNCTAD works to raise awareness of the key role transit coordinators play, while promoting regional cooperation to help countries benefit from transit facilitation measures.
Vital role of transit coordinators

Kenneth Reynaldo Pinell Solis, who participated in the training, has been serving as Nicaragua’s national transit coordinator for eight years.

But this is the first time he received training specifically tailored to his functions.

With a background in customs, Mr. Pinell Solis aims to have goods in transit cross his country as fast as possible.

He says that as a transit coordinator his challenge is to balance the need to reduce formalities and delays while ensuring that the freedom of transit isn’t abused for smuggling and fraud.

The knowledge gained from the training will equip Mr. Pinell Solis to carry on with his high-stake responsibilities. The livelihoods of traders in Central America depend on the ability to quickly move goods to and from larger economies in the region.

No comments:

Featured post @ITREALMS

Reprieve for UNILAG student, Aminat, who lives in swampy, flooded apartment+video - ITREALMS

ITREALMS ... making leadership SENSE with digital news! Reprieve is on the way for the 300-level University of Lagos (UNILAG) undergraduate...