Transit fraud is a form of smuggling that involves abusing the transit system to evade customs duties and taxes. Transit system is a trade facilitation tool that allows goods to move across borders without paying duties and taxes at the point of entry, provided that they are destined for another country and are not consumed or used in the transit country. Transit system...Read More
Zimbabwe is a landlocked country in Southern Africa that has faced many economic and political challenges since its independence in 1980. One of the major challenges has been the volatility of its exchange rate, which has affected its trade performance and competitiveness. The exchange rate is the price of one currency in terms of another. It reflects the demand and supply of...Read More
A case study of Zimbabwe A Single Window system is a trade facilitation tool that allows traders to submit all the required information and documents for customs clearance and other regulatory compliance through a single electronic platform. It aims to simplify, harmonize, and standardize the procedures and data requirements for international trade, reduce the costs and time involved, and enhance the transparency and...Read More
