From Allafrica · · 1m
Namibia Russia Share Customs Data
Namibia and Russia agree to share customs data to boost trade and fight violations.
In brief
Namibia and Russia agree to share customs data to boost trade and fight violations. Namibia and Russia will exchange customs information to improve trade efficiency and reduce violations. Originally reported by Allafrica.
New Agreement Signed
Namibia and Russia signed an agreement in Moscow during the Third Russia-Africa Summit to share customs data and improve trade.
Customs Data Exchange
The agreement allows both countries to exchange trade statistics and customs information to verify goods value and origin.
Combat Violations
The agreement targets customs violations by identifying incorrect declarations and under-invoicing through shared data.
Advanced Training
Russia's customs service provides advanced training and technology to Namibia to improve customs clearance processes.
Mutual Assistance
The agreement includes mutual administrative assistance for faster goods clearance and product authenticity checks.
Confidential Data
Customs information exchanged remains confidential and can only be used within national laws and procedures.
The essence
Namibia and Russia will exchange customs information to improve trade efficiency and reduce violations.
