{"id":17205,"date":"2022-07-09T09:12:41","date_gmt":"2022-07-09T09:12:41","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade"},"modified":"2022-07-09T09:51:37","modified_gmt":"2022-07-09T09:51:37","slug":"project-to-ease-cross-border-trade","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade","title":{"rendered":"Project to ease cross-border trade"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>THE Ministry of Trade yesterday launched the Lesotho National Single Window (LNSW) Project which seeks to cut the administrative cost of trading across borders. The LNSW is meant to boost trade.
\nThe launch was conducted in collaboration with the Private Sector Competitiveness and Economic Diversification Project (PSCEDP) through the support of the World Bank and Lesotho Revenue Authority (LRA).
\nThe Commissioner General of the LRA, Thabo Khasipe, said they view this initiative as a vehicle to help them realise their revenue mandate and contribute to Domestic Resource Mobilisation.<\/p>\n

He said they foresee a multi-fold improvement in clients\u2019 satisfaction levels as they utilise the Single Window as a tool of trust in the course of tax and cross-border trade service.<\/p>\n

\u201cThe LNSW will enable the agencies connected to share certificates, licences, and permit information electronically and that is a good start towards collaboration,\u201d Khasipe said.<\/p>\n

\u201cThe combination of electronic single window and Coordinated Border Management will go a long way in improving the trade facilitation ranking of the country for the benefit of trade and the economy,\u201d he said.
\nMinister of Trade, Dr Thabiso Molapo, said the birth of the LNSW presents a window of opportunity to be harnessed by both government and the private sector.
\nHe said this will improve real-time and cost-effective sharing of information between traders and government agencies, and amongst government agencies.
\n\u201cThis will also provide predictability and transparency on all the regulatory requirements,\u201d Dr Molapo said.
\n\u201cThis initiative came at an opportune time after Lesotho ratified the African Continental Free Trade Area Agreement,\u201d he said.<\/p>\n

He said this environment will enable them to expedite the movement and clearance of goods at the borders. He said it will also provide them with real-time data to monitor trade and trade trends for better policy interventions.<\/p>\n

\u201cAn opportunity has been presented before you take advantage of this initiative for the betterment of your businesses and economic growth of the country,\u201d he said.<\/p>\n

The Project Manager of PSCEDP, Chaba Mokuku, said the objective of this project is to support the private sector development in Lesotho by improving the business environment by reducing the time, cost, and processes of doing business.<\/p>\n

\u201cThe project is aimed at diversifying sources of growth with a focus on priority sectors,\u201d Mokuku said.
\nHe mentioned that there were numerous initiatives introduced to improve the business environment in Lesotho which include company registration and business licensing system at the OBFC.
\n\u201cToday we are launching the LNSW which is aimed at reducing the administrative costs of trading across borders,\u201d he said.
\nThe Minister of Agriculture, Keketso Sello, said agriculture remains a critical sector for food security and employment creation in our country. However, its contribution has declined over time.
\nHe said this electronic platform will facilitate smooth and speedy processing of documents required for export and import. \u201cWe need the system which will improve our effectiveness and efficiency to import and export our products,\u201d Sello said.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. THE Ministry of Trade yesterday launched the Lesotho National Single Window (LNSW) Project which seeks to cut the administrative cost of trading across borders. The LNSW is meant to boost trade. The launch was conducted in collaboration with the Private Sector Competitiveness and Economic Diversification Project (PSCEDP) through the support of the […]<\/p>\n","protected":false},"author":84,"featured_media":17204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,246,278,245],"class_list":["post-17205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-bank","tag-lesotho"],"yoast_head":"\nProject to ease cross-border trade - Lesotho<\/title>\n<meta name=\"description\" content=\"THE Ministry of Trade yesterday launched the Lesotho National Single Window (LNSW) Project which seeks to cut the admini ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Project to ease cross-border trade\" \/>\n<meta property=\"og:description\" content=\"THE Ministry of Trade yesterday launched the Lesotho National Single Window (LNSW) Project which seeks to cut the admini ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-09T09:12:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-09T09:51:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/07\/postQueueImg_22-62c94f8d67836.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Project to ease cross-border trade\",\"datePublished\":\"2022-07-09T09:12:41+00:00\",\"dateModified\":\"2022-07-09T09:51:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade\"},\"wordCount\":505,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/07\/postQueueImg_22-62c94f8d67836.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Bank\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/project-to-ease-cross-border-trade\",\"name\":\"Project to ease cross-border trade - 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