Maria David
THE Namibia Revenue Agency (NamRA) hosted an awareness session on its Authorised Economic Operator (AEO) programme at Oshakati on Wednesday.
NamRA AEO Coordinator Fransina Shigwedha explained that the programme is intended for everyone in the supply chain, including importers, exporters, manufacturers, clearing agents, and the transportation industry.
Shigwedha indicated that the system is currently open to importers and exporters, with plans to expand to other areas of the supply chain later.
She said that once traders join the AEO, they can benefit from expedited VAT refunds and a reduced bond amount for any security required for compliance with a Customs procedure.
“The aim of the AEO is to create awareness and provide valuable insights into the programme, its benefits, and the crucial role it plays in fostering international trade,” she said.
Shigwedha added that every trader in Namibia will be well-informed about the AEO Programme and the opportunities it presents, emphasizing that active participation will help harness the full potential of the programme.
NamRA launched the AEO compliance programme in April 2022 as part of the Southern African Customs Union (SACU) Customs Modernization Program.
This initiative aims to enhance and strengthen partnerships between customs, businesses, and other government agencies, in line with the Trade Facilitation Agreement.
The AEO Compliance Programme is part of the World Customs Organisation’s initiative and is designed to reward compliant traders who meet specified criteria.
