Customs, ADB developing new trade clearance scheme

YANGON — The Asian Development Bank is helping the Customs Department to develop a scheme for simpler and faster import and export clearance procedures, the ABD said in a July 27 news release.

The Authorised Economic Operators scheme was the focus of a three-day workshop for Customs officials in Yangon last week, the ADB said.

The scheme will enable importers and exporters with a good record of customs compliance and commercial records management to receive a range of trade benefits, including faster customs clearances, the release said.

“Through the workshop, customs officials will identify accreditation criteria and appropriate trade facilitation measures for AEOs in Myanmar, identify the most appropriate customs management structure for the AEO scheme, and develop a work plan to pave the way for a detailed AEO implementation plan,” it said.

“As Myanmar’s economy continues to expand and open to the world, it’s increasingly important for it to have strong customs measures in place to facilitate the free flow of goods,” said James Lynch, ADB’s director for regional cooperation and operations coordination in Southeast Asia.

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Last week’s workshop wasthe first part of a comprehensive assistance program to develop a voluntary accredited scheme to benefit compliant traders, the Manila-based ADB said.

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