Rwanda revenue Authority (RRA) has signed MOU’s and awarded certificates of recognition to twenty-two companies in Rwanda who have been granted special customs status as Authorized Economic Operators (AEO). The event was witnessed by the Minister of Trade and Industry, Hon. Vincent Munyeshyaka, Rwanda Revenue Authority (RRA) Commissioner General, Richard Tusabe, Acting USAID Mission Director Leslie Marbury, TradeMark Africa (TMA) Country Director, Patience Mutesi, Private Sector Federation Chairman Benjamin Gasamagera and several business leaders. Speaking at the recognition ceremony, Minister of Trade and Industry, Hon. Vincent Munyeshyaka commended the companies that had attained the special status. “They have consistently demonstrated a very high commitment to comply with customs regulations and security procedures” he said. “An AEO certified company for example is not subject to physical inspections, queuing or immediate audits” The AEO concept is part of a broader compliance strategy to reward compliant traders with simplification benefits. This reward and encourages compliance and stimulates foreign trade which contributes to economic growth at the national and regional levels. An AEO in Rwanda is an individual, a business entity or government department that is involved in international trade and is duly authorized by the Commissioner of Customs of the Rwanda Revenue Authority to self-manage key aspects of its customs processes previously handled by RRA. The objectives being to enhance trade facilitation, promote customs to business partnership, ensure security for the international trade supply chain, and encourage voluntary compliance to customs laws and procedures. The AEO programme at regional level started in 2008...
Rwanda Revenue Authority certifies 22 authorized economic operators facilitating faster and smoother trade
Posted on: October 3, 2017
Posted on: October 3, 2017