Trade compliance in the spotlight
Trade compliance in the spotlight

Trade compliance in the spotlight

The deputy director for trade facilities, Susan Beukes, highlighted a number of changes regarding the registration of clearing and forwarding agents, adding that there are currently 343 such agents in the country.
Staff Reporter
LEANDREA LOUW

WALVIS BAY



A new policy for clearing and forwarding agents is currently being formulated.

During an online panel discussion hosted by the finance ministry on Tuesday, acting commissioner for customs and excise, Jacqueline Gawanas, said the new policy seeks to foster compliance within the industry.

“The regional and national trading systems under which we operate has necessitated the review of the existing policy to keep abreast with the ever-changing and dynamic customs environment.”

Gawanas added it is imperative for stakeholders to be engaged, as a holistic approach will assist the directorate of customs and excise to develop all-encompassing policies that address impediments to cross-border trade with the view of enhancing efficiency.



Moratorium

In 2017, a moratorium was placed on the registration and the issuing of clearing and forwarding agent licences.

“This was the start for the directorate of customs to embark on a new policy in line with international practices that took into account the World Customs Organisation's standards. Clearing agents are regarded as an integral and critical part in the supply chain in offering arrangements in import and export solutions for intended goods for home consumption, warehousing, transit and distribution,” Gawanas said.

The deputy director for trade facilities, Susan Beukes, highlighted a number of changes regarding the registration of clearing and forwarding agents, adding that there are currently 343 such agents in the country.

Amongst others, the proposed requirements include that all clearing agents' current or new applications must be a juristic person (be 80% Namibian owned), and must be a citizen with a clear code of conduct certificate from the police, whether local or international.

Applicants also need to furnish evidence of proficiency in customs-related matters and provide proof of established premises. Upon arrival, a N$20 000 bond needs to be paid, proof of a fitness certificate is required and a N$2 000 non-refundable application fee needs to be paid.



Not transferrable

When a licence is approved, it is not transferrable, Beukes said.

“Applicants need to be registered with the Financial Intelligence Centre and no third party is allowed to use the licence. Operations may not take place outside Namibian boundaries and failure to adhere will result in revocation.

Agents must use the declarant code at all times and must inform customs if operations are ceased within seven days.”

Beukes said the current licence for clearing and forwarding agents remains valid until 31 December, and the new application process will commence on 1 September.

A competency test will also be carried out.

For more information, the live stream session is available on the finance ministry's Facebook page.

[email protected]

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 335.55/OZ DOWN -0.0011 | Copper US$ 4.63/lb UP +1.99% | Zinc US$ 2 965.80/T DOWN -0.16% | Brent Crude Oil US$ 88.10/BBP DOWN -0.0097 | Platinum US$ 948.67/OZ UP +3.85% Sport results: Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal | Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool LaLiga: Barcelona 4 vs 2 Valencia | Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca | Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona | Real Sociedad 0 vs 1 Real Madrid SerieA: Genoa 3 vs 0 Cagliari | Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino | SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza | Frosinone 3 vs 0 Salernitana European Championships Qualifying: Preston North End 0 vs 3 Leicester City | Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United English Championship: Preston North End 0 vs 3 Leicester City | Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United Weather: Katima Mulilo: 14° | 31° Rundu: 14° | 31° Eenhana: 15° | 33° Oshakati: 17° | 33° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 29° Omaruru: 17° | 31° Windhoek: 14° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 24° Wind speed: 21km/h, Wind direction: W, Low tide: 12:27, High tide: 06:24, Low Tide: 01:00, High tide: 19:07 Swakopmund: 15° | 18° Wind speed: 13km/h, Wind direction: W, Low tide: 12:25, High tide: 06:22, Low Tide: 00:58, High tide: 19:05 Walvis Bay: 17° | 27° Wind speed: 22km/h, Wind direction: W, Low tide: 12:25, High tide: 06:21, Low Tide: 00:58, High tide: 19:04 Rehoboth: 18° | 29° Mariental: 21° | 32° Keetmanshoop: 23° | 33° Aranos: 20° | 31° Lüderitz: 18° | 28° Ariamsvlei: 22° | 34° Oranjemund: 17° | 26° Luanda: 25° | 30° Gaborone: 15° | 31° Lubumbashi: 11° | 25° Mbabane: 13° | 29° Maseru: 10° | 25° Antananarivo: 15° | 22° Lilongwe: 13° | 27° Maputo: 16° | 29° Windhoek: 14° | 28° Cape Town: 15° | 20° Durban: 19° | 32° Johannesburg: 16° | 25° Dar es Salaam: 24° | 31° Lusaka: 14° | 27° Harare: 11° | 26° Economic Indicators: Currency: GBP to NAD 23.35 | EUR to NAD 19.96 | CNY to NAD 2.58 | USD to NAD 18.63 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.67 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.13 | USD to AOA 834.06 | USD to BWP 13.71 | USD to EGP 47.8 | USD to KES 134.48 | USD to NGN 1355 | USD to ZAR 18.64 | USD to ZMW 26.48 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76456.15 Up +1.44% | Namibian Stock Exchange (NSX) Overall Index 1707.28 Up +2.04% | Casablanca Stock Exchange (CSE) MASI 13373.9 Up +0.14% | Egyptian Exchange (EGX) 30 Index 26011.28 Up +5.57% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 335.55/OZ DOWN -0.0011 | Copper US$ 4.63/lb UP +1.99% | Zinc US$ 2 965.80/T DOWN -0.16% | Brent Crude Oil US$ 88.10/BBP DOWN -0.0097 | Platinum US$ 948.67/OZ UP +3.85%