URA and China Customs launch mutual trade-enhancing program; clearance speed to improve by 60% and costs to reduce by 10%

Uganda Revenue Authority together with China Customs have launched the implementation of the Authorized Economic Operators Mutual Recognition Agreement. The agreement which was signed in May 2021 has its implementation delayed due to the COVID-19 pandemic. Speaking at the launch ceremony at the URA headquarters on Thursday, Ag. Commissioner General Patience T. Rubagumya noted that the implementation of the agreement will benefit Uganda in revenue collections especially in Customs Department since clearance time will reduce. “The launch of the MRA is one of the areas which is very significant in the customs journey. The agreement is an instrument for cooperation…