Madagascar is to reform its customs clearance process with the help of investment from the Multilateral Investment Guarantee Agency (Miga).
The agency is providing a guarantee for a project called Gasy Community Network Services (G@synet) that will introduce modern technology for trade transactions in Madagascar. The project will involve a software platform called Tradenet, that will link various parties involved in external trade, such as customs, ministries, banks and traders, into a single data network.
Noureddin Ennaboulssi, underwriter at Miga comments: "Automating the customs clearance process will reduce inefficient customs procedures that impede access to markets and unnecessarily increase costs in Madagascar. Efficiency and transparency in trade transactions will help make the Malagasy economy more competitive.”
The project will also have a destination inspection component, under which three mobile inspection scanners will be put in place at three ports: Mahajanga on the west coast of Madagascar, Toliara in the southwest and Toamasina on the east coast. The scanners will allow non-intrusive examination of imports and exports.
It is expected that the project will improve governance, allow for more accurate trade information and statistics, reduce human intervention and increase transparency and accountability.
Last Updated January 04, 2008
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