Sundaymail Editor
Online Reporter
THE Southern African Development Community (SADC) will on Friday launch the Time Release Study (TRS) report along the SADC Regional North-South Trade Corridor.
The event, scheduled to take place in Harare, will receive support from the European Union under the Trade Facilitation Programme.
In a statement on Wednesday, SADC said the TRS is an international model instrument employed to assess the time taken for transactions and their clearance across the supply chain.
“The TFP, endorsed by the SADC Ministerial Task Force on Regional Economic Integration in March 2016, aims to strengthen the Free Trade Area in accordance with the SADC Treaty, the Protocol on Trade, and other related policy documents. Among its 28 activities, the TRS is a critical component,” reads the statement.
The TRS assesses the cost of doing business at key entry points such as border ports, seaports and road infrastructure.
“Conducted by customs and trade experts in collaboration with various supply chain stakeholders, the study utilised the World Customs Organisation’s electronic system methodology, involving port and border agencies from South Africa, Zimbabwe, Zambia and the Democratic Republic of Congo,” reads part of the statement.
Bongani Ndlovu
Online Reporter