MANZINI - Exporters stand to gain from a raft of benefits under the Eswatini Revenue Service's (ERS) Authorised Economic Operator (AEO) Programme.
This programme makes cross-border trade faster, simpler and more cost-effective.
Speaking at the Exporter of the Year Awards, held on the sidelines of the Eswatini International Trade Fair, ERS Director of Communications and Marketing, Ntobeko Dlamini, highlighted the significant advantages for businesses that join the globally recognised initiative.
The AEO Programme, introduced to strengthen supply chain security and facilitate legitimate trade, builds a trusted partnership between customs authorities and private businesses.
"Our aim is to make trade easier for compliant businesses, reduce red tape and ensure faster, more predictable clearance of goods at our borders," Dlamini explained.
One of the major benefits for exporters under the AEO initiative is reduced costs and time savings in cross-border trade.
Traditionally, temporary imports require security payments equivalent to customs duties and taxes, a process that ties up significant working capital for businesses.
"Under the AEO Programme, we offer reduced security or guarantee bonds, freeing up resources for businesses to reinvest in operations and expansion," Dlamini noted.
The programme also promises expedited import and export clearance, with minimal checks at the border and priority treatment where inspections are necessary.
ERS is also offering tailored tax and customs training for businesses under the AEO Programme. Participating companies will have access to a dedicated Client Relationship Consultant and a direct point of contact for all customs queries, ensuring faster resolution of issues and guidance on compliance.
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EIPA unpacks Eswatini's top 10 exports
MANZINI - Eswatini Investment Promotion Authority (EIPA) has highlighted the kingdom's top 10 export products, showcasing the country's growing role in international trade and its untapped economic potential.
Presenting the Export Promotion Outlook at the Mavuso Exhibition Centre, EIPA's Manager for External Trade Promotion, Thandeka Dlamini, highlighted how Eswatini's strategic location, preferential trade agreements, and increasing focus on diversification are boosting the country's export competitiveness.
"Eswatini is signatory to 22 free trade agreements covering markets in Africa, the European Union and the United States of America, representing a combined consumer base of over 3 billion people," said Dlamini.
"Our export profile continues to expand, and the top-performing products clearly demonstrate the economic value of trade."