WB helps simplify customs procedures and foreign trade in Georgia

Photo: WB helps simplify customs procedures and foreign trade in Georgia / Economy news

Tbilisi, Georgia, March 5
By Nana Kirtzkhalia - Trend:

A WB group consultative programme on improving the investment sphere helps Georgia's income service to simplify customs procedures to reduce the time required for trade processes and to promote foreign trade.

The International Finance Corporation in collaboration with the United Nations Conference on Trade and Development has upgraded an integrated customs information system. The service uses this scheme to manage the operations. The modernisation and improvement of the system will improve customs procedures and their simplification.

"This system will increase the efficiency of customs administration," head of the income service Irakli Gvaramadze said. "It is extremely important to us. The basis of the system is modern technology which is necessary for the effective functioning of the customs in the new era of information technology."

As a result of this initiative, there was the possibility of more effective data sharing of the income service and different organisations and the possibility of their combining.

A mechanism of providing the private sector with information has become more complete, effective and simple. The new modules that facilitate the efficient operation of the risk system are being worked out.

IFC regional manager in the South Caucasus Thomas Lubeck said that this initiative is part of the efforts to promote private sector development in Georgia.

"We are working to create simple, effective and affordable regulatory mechanisms to protect the public interest," he said. "Upgrading an integrated information system promotes the simplification of foreign trade."

This initiative was taken as part of a project to improve the investment sphere in Georgia. It is being implemented by the International Finance Corporation. The Austrian Finance Ministry and its partners in the oil and gas projects, as well as the Norwegian trust fund for private sector development and infrastructure render the financial support.

Translated by NH
Edited by SM

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