TradeMark EA to announce Safe Cross Border Trade Emergency Facility.

233
1199
Frank Matsaert – the TradeMark CEO at a previous activity. (File Photo)

Our Reporter.

With the ugly head of Corona Virus already causing havoc both globally and locally, a lot of adjustments are being implemented to ensure that as many people as possible can walk through this dilemma safe and healthy.

From a trade perspective, TradeMark East Africa is engaging East African Countries on formulating a safe cross-border trade policy that will ensure that even as countries prioritize the combating of the COVID19 pandemic, trade continues without endangering the citizenry.

This was revealed by Frank Matsaert – the TradeMark CEO who in an interview with SMART 24 TV noted that he has had very positive engagements with partners and a safe cross-border trade stimulus is on the cards.

“We are putting resources together to formulate the safe trade emergency facility. We are working with EAC governments and private sector; particularly agencies at the border points. This will help our economies keep moving,” Frank Matsaert said, adding;

“Probably next week, I will be announcing this facility officially. We are stepping up our efforts. This is a critical challenge of our time. We have to think not just about the short term but medium term.”

HiPipo has since confirmed that the TRADEMARK EA SAFE TRADE budget is USD 20 million to be shared by about 11 countries it currently operates in.

Further, according to Frank Matsaert, the best way to fight the economic impact of the corona virus pandemic is by supporting business continuity and front-line staff for now, facilitating safe cross-border trade and focusing on Trade policy reforms.

Support business continuity and front-line staff now.

Allow essential industries to continue to work to ensure the free flow of trade- particularly of food and medical-related items.

Protection of front-line and essential services workers to mitigate spread.

Facilitate safe cross-border trade.

Increase internal and external border agency collaboration.

Streamline and simplify regulatory and border procedures to facilitate trade.

Extend border agency working hours to accommodate COVID measures and additional Port health checks to allow for increased trade flows of critical commodities and for logistics providers to more adequately manage cargo movement.

Focus on Trade policy reforms, such as:

Tariff reductions that can contribute to reducing the cost of goods and services.

Reducing tax and administrative burdens on importers and exporters.

Reducing the cost of food and other products heavily consumed by the poor (price controls if necessary).

Developing macro-economic measures to limit the negative economic and social impact of the COVID19 crisis as it unfolds.

Craft economic recovery and resilience strategies to avert future crises.

Ends.

RELATED ARTICLESMORE FROM AUTHOR

233 COMMENTS

  63. I don’t know if it’s just me or if perhaps everybody else encountering problems with your website. It appears as if some of the written text on your posts are running off the screen. Can someone else please comment and let me know if this is happening to them as well? This may be a issue with my browser because I’ve had this happen before. Many thanks|

  81. Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    When some one searches for his vital thing,
    so he/she needs to be available that in detail, thus that thing is maintained over here.

  84. Hello terrific blog! Does running a blog such as this require a large amount of work? I have virtually no expertise in coding but I had been hoping to start my own blog in the near future. Anyway, if you have any recommendations or techniques for new blog owners please share. I know this is off subject but I simply needed to ask. Thanks!|

  90. My brother recommended I might like this website. He was entirely right. This submit truly made my day. You cann’t believe just how so much time I had spent for this info! Thank you!|

  92. You’re so awesome! I do not believe I’ve read through a single thing like that before. So good to find someone with a few original thoughts on this issue. Seriously.. thanks for starting this up. This website is one thing that’s needed on the internet, someone with a bit of originality!|

  151. I’m not sure exactly why but this blog is loading extremely slow for me.
    Is anyone else having this problem or is it a problem on my end?
    I’ll check back later on and see if the problem still exists.

  158. Hello! I’ve been following your blog for some time now
    and finally got the bravery to go ahead and give you a shout out
    from Atascocita Tx! Just wanted to tell you keep up the great job!

  168. Hello there! This article could not be written much better!
    Reading through this article reminds me of my previous roommate!

    He always kept talking about this. I am going to forward this information to him.
    Pretty sure he’ll have a great read. Thanks for sharing!

  200. I think that everything published was actually very
    reasonable. But, what about this? suppose you added a little content?
    I mean, I don’t want to tell you how to run your website, however suppose you added
    a title that grabbed a person’s attention? I mean TradeMark EA to announce Safe
    Cross Border Trade Emergency Facility. | HiPipo
    Money is kinda plain. You should look at Yahoo’s front page
    and note how they write post titles to grab people interested.
    You might add a related video or a related picture or two to get readers interested about what you’ve got to say.
    In my opinion, it would bring your posts a little bit more interesting.

LEAVE A REPLY

Please enter your comment!
Please enter your name here