ECOWAS launches e-certificate to curb regional fraud
The Economic Community of West African States (ECOWAS) has unveiled its digital certificates of origin, which is a digital system launched to boost commerce facilitation and examine fraudulent practices throughout the area.
Speaking on the official unveiling in Lagos, the Commissioner for Economic Affairs and Agriculture, Massandje Toure-Litse, who disclosed this on the official unveiling in Lagos extolled the initiative as a transformative milestone within the area’s quest for seamless cross-border commerce.
Welcoming dignitaries on behalf of ECOWAS President, Dr Omar Alieu Touray, Toure-Litse, underscored the importance of the brand new system in addressing longstanding challenges tied to commerce liberalization.
Represented by the Director of Customs Union and Taxation, Salifou Tiemtore, she stated: “This important ceremony is expected to have a significant and positive impact on the cross-border movement of goods in the ECOWAS region.”
She highlighted the worldwide proliferation of free commerce agreements noting that whereas such agreements unlock markets and enhance financial advantages, in addition they pose distinctive challenges for growing and least-developed international locations like these in West Africa.
“These countries have weak industrial capacity and depend highly on border taxes for economic development. The erosion of customs revenues and non-compliance with origin requirements further exacerbate their precarious economic situations,” Toure-Litse remarked.
The commissioner defined that below guide processes, certificates of origin, important for securing tariff preferences, have been liable to fraud and inefficiency.
“Unfortunately, as now we have skilled over time, the guide course of regarding the applying, supply, and approval of certificates of origin has grow to be cumbersome and fairly often topic to fraud.
“This has eroded confidence in the proof of origin, with falsified paper certificates being used to secure tariff preferences, thereby denying parties the benefits of trade liberalization,” she defined.
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She famous that the e-CO initiative stems from over a decade of efforts to combine data and communication expertise into border procedures in West Africa.
According to Toure-Litse, ECOWAS has made vital strides in digitising commerce devices.
“In addition to automating the Community transit procedure through the Automated System for the Management of Transit Goods, ECOWAS has reformed the procedures under the ECOWAS Trade Liberalization Scheme and embarked on the ambitious project of dematerializing the certificate of origin,” she added.
She additional talked about that since 2019, ECOWAS has been growing a regional e-CO Hub to digitize the certificates of origin system.
The commissioner defined that this platform connects Customs administrations of exporting and importing international locations, guaranteeing safe communication and environment friendly commerce facilitation, embodying the slogan, “Borders divide, Customs connects.”.
“The newly launched system eliminates manual signatures, reduces fraud, enhances transparency, and streamlines cross-border movement of goods,” stated Toure-Litse.
She said that the e-CO Hub permits for the digital signing of certificates, that are digitally authorised by Customs authorities earlier than being securely transmitted to the importing nation’s Customs administration.
“The certificates will be transmitted through a secure and dedicated system, ensuring seamless and efficient trade facilitation,” she added.
The commissioner famous that this digital transformation would considerably cut back time spent verifying certificates and enhance confidence within the proof of origin course of. “Customs administrations will spend less time verifying authenticity, and the streamlined process will encourage increased trade within the ECOWAS region,” Toure-Litse defined.
“We must collectively embrace this initiative to realize the full potential of trade liberalization in our region,” she urged.
“The launch of the ECOWAS e-certificate of origin marks a pivotal step in fostering economic integration, improving trade efficiency, and curbing revenue losses due to fraud, setting a precedent for digital trade facilitation across Africa,”
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