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



Run MS Office Pro
2010 on latest Win7
Ultimate OS to
increase your
business confidence




Buy HP Pavilion
 laptop with Corsair
DDR3 RAM for
superb performance




Need a personal loan
in Dubai? Contact
Citibank UAE for all
of your banking needs

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: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
date:Posted: May 23, 2013
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
date:Posted: May 22, 2013
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."



Wide selection of craft tools and coloured pencils will give more options to your creative side


Doing business in the Middle East? Your starting point is GulfTradeHolding, the Middle East Business Directory