Audio By Carbonatix
The Trade Obstacles Alert Mechanism (TOAM) Eswatini provides a way to log obstacles to trade, particularly in the service sector.
The online platform and mobile application connects companies with government agencies such as the Ministry of Commerce, Industry and Trade, as well as with other businesses, allowing them to exchange information about trade obstacles.
Importers and exporters, as well as professionals working with foreign clients, can report challenges and obstacles to the national focal point, who will review and publish a report. That document then goes to the competent authority for deeper analysis. Once the authority responds to the Trade Department, the information is passed on to the economic actors within two weeks.
During the launch at Hotel Sibane on 29 January in Mbabane, the Director of the International Trade Department of the Ministry, Khetsiwe Dlamini, said the platform is an essential step in the government’s digital strategy. The platform allows for easy and speedy action between policymakers and the industry in resolving issues that slow trade.
‘It is through this mechanism that companies will remain up to date with information on trade rules and procedure,’ she added.
She also thanked the International Trade Centre (ITC) and the European Union for supporting the mechanism in Eswatini. The European Union funds the ITC African Trade Observatory. TOAM is one activity of the African Trade Observatory, which connects trade data to the platform and enhances the quality of trade in services data.
She said the platform could transform the business environment and make Eswatini an attractive trade destination.
ITC market analyst Vianney Lesaffre said the platform was officially launched in 2014, and has since been adopted by more than 70 countries.
Signing up for the TOAM platform is free, and reporting obstacles is treated with confidentiality. Each subscriber receives notifications about the ongoing challenges and their corresponding solutions.
Distributed by APO Group on behalf of International Trade Centre.
Latest Stories
-
Play House: DJ Mensah launches state-of-the-art recording studio in Accra
6 minutes -
Education Minister calls on WAEC to review its mode of transporting examination materials
9 minutes -
Asantehene honours Angela List
17 minutes -
Fate of OSP, future of anti-corruption mandate
19 minutes -
Auto Bridge Ghana enters market to simplify vehicle importation and sales
43 minutes -
Greater Accra Minister satisfied with BECE conduct after monitoring centres
44 minutes -
Ghana’s future rests in your hands – Minority caucus to BECE candidates
58 minutes -
Ghana’s Appointment Addiction: Why the State cannot function when everything depends on who won the election
1 hour -
GJA-Central urges journalists to uphold sacrifice, accountability amid press freedom threats
1 hour -
Fisheries Minister calls for data upgrade to boost fisheries economy
1 hour -
Condom use remains key to HIV prevention in Ghana – AIDS Commission
2 hours -
OMJ Foundation boosts BECE prospects in Akuapem South with transformative intervention project
2 hours -
Central banking: Safeguarding Ghana – not chasing profit
2 hours -
Silent Strategist: IGP Yohuno’s performance comes as no surprise
2 hours -
Trump says US to ‘guide’ stranded ships through Strait of Hormuz
2 hours