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Finland commits €10.5 million to support regional trade

09 Jun 2021 - by -
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Efforts to support governments to adopt information and communications technology for trade systems in key trade agencies that contribute to the successful implementation of national single windows will be scaled up across East Africa.This comes after Finland committed €10.5 million to support regional trade in the region. This will boost efforts where frameworks have been laid and partnerships forged to support multimodal transport corridors which not only reduce costs associated with trade, but also reduce the carbon footprint of transport. According to a Trademark East Africa (TMEA) spokesman, efforts will go towards supporting digital trade corridors, safe sanitary and phytosanitary trade corridors, bolstering trade remedy structures at national, regional and continental levels, and scaling up of regional authorised economic operator schemes, and authorised supply chain frameworks. This infrastructure will be critical in reducing barriers to trade and supporting smooth implementation of the African Continental Free Trade Area (AfCFTA).The new funding will build on on results that have been achieved in previous programmes funded by Finland and other development partners over the last 10 years.

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