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Trade Facilitation System TFS. ICT-enabled Investment Climate Reform Irakli Gvenetadze, 21/02/2013. What Is A Trade Facilitation System ?. The UN Centre for Trade Facilitation and Electronic Business (UN-CEFACT) defines a Single Window (SW) trade portal as
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Trade Facilitation System TFS ICT-enabled Investment Climate Reform Irakli Gvenetadze, 21/02/2013
What Is A Trade Facilitation System? • The UN Centre for Trade Facilitation and Electronic Business (UN-CEFACT) defines a Single Window (SW) trade portal as • “a facility that allows parties involved in international trade and transport to lodge standardized information and documents with a single point to fulfill all import, export, and transit-related regulatory requirements” (United Nations Economic Commission for Europe UNECE, 2005, p. 3).
Possible TFS Savings • Savings to Government • Reduced Staff Costs • Reduced paper and printing costs • Reduced storage costs • More efficient use of resources, releasing resources to be used for inspections, and other key activities • Increased efficiency of customs procedures • Reduced management and administration costs • Savings to Traders • Reduced time required for obtaining and completing customs documentation • Greater certainty in customs procedures • Faster delivery of goods • Reduced handling and storage costs • Increased efficiency due to the reduced need to prepare and deliver customs documentation • Greater transparency and access to • information
TFS • Thank you for your attention!