Palestinian economy set to benefit from new online customs system
Source: BI-ME , Author: BI-ME staff
Posted: Tue August 11, 2009 6:42 pm

Palestinian Territories. International businesses based in the West Bank are set to benefit from a state of the art web-based system for tracking goods coming in and out of the area, launched today by Palestinian customs in partnership with the United Nations Conference on Trade and Development.

The online system, known as ASYCUDA WORLD, will speed up transactions and lower costs for Palestinian exporters and importers, according to a news release issued by UNCTAD.

Palestinian customs clearance agents and private trading companies will be able to process customs declarations and related documents electronically from their own premises without having to visit customs offices.

UNCTAD said that the new software, the final stage in upgrading Palestinian customs' computerized system, is also expected to improve the customs authority's risk management and post-auditing processes, reduce fraud and smuggling, provide better data to inform public policy and increase customs and tax revenues.

The launch ceremony - sponsored by Salam Fayyad, Palestinian Authority Prime Minster and Minister of Finance - was held in Ramallah, and attended by representatives from the European Commission (EC) and UNCTAD, the main partners for the Palestinian customs modernization programme

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 26, 2017
UAE. The publication explores the efforts of 64 countries to promote boardroom diversity; Reveals 15% of all board seats are filled by women globally; Representation of women on boards remains very low across the region with women holding no more than 2% of board seats in the GCC region.
date:Posted: July 26, 2017
INTERNATIONAL. If making a buck meant not caring, would you still do it? With an annual infusion of US$15 billion, the sharing economy seems to be a case in point that spreading the love literally pays off.
date:Posted: July 25, 2017
UAE. The number of active residential and commercial building projects exceeds 7,488 in June 2017, according to BNC Network.
UAE. The publication explores the efforts of 64 countries to promote boardroom diversity; Reveals 15% of all board seats are filled by women globally; Representation of women on boards remains very low across the region with women holding no more than 2% of board seats in the GCC region.
dhgate