South Sudan revenue authority, East African body signs agreement on trade

Regional trade body (File/Supplied/Nyamilepedia)

August 26th 2019 (Nyamilepedia) – South Sudan’s National Revenue Authority (NRA) and TradeMark East Africa (TMEA), an East African organization, have signed a Trade Facilitation Agreement (TFA) aimed at stimulating trade growth from oil revenues in the oil sector.

TradeMark East Africa (TMEA) is a non-profit organization focusing on promoting inclusive trade and improving business relations between East African countries.

The TFA signed last Friday by the two bodies seeks to boost cross-border trade and enhance unrestricted movement of goods at border points.

Speaking after the signing of the agreement, the head of TradeMark East Africa, Frank Matsaert stated that, TMEA is committed to doing everything to the best of its ability, but he stressed that the Transitional Government of National Unity must demonstrate its seriousness in implementing the revitalized peace agreement in spirit and letter.

“We are committed to doing our part, but it has to be stressed that we need a government of national unity to stick to the peace deal and start doing good work for the citizens in November,” Frank Matsaert was quoted as saying.

The trade agreement is expected to link up the world’s youngest nation to the Regional Electronic Cargo Tracking system (RECTs).

 

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