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BizAssist.co.za  News
SARS Assists International Trade
By: SARS
Date: 2010/05/24
SARS, through its Customs division, makes it possible for businesses and individuals to engage in cross-border economic activity in a legitimate and efficient manner.
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SARS has put measures in place to reduce the inconvenience importers and exporters face in meeting revenue obligations. Sophisticated profiling, for example, ensures that high-risk cargo is prioritised.
Legislation also plays an essential role here, helping to make sense of the broad range of controls that have to be implemented as international co-operation increases. Laws, for example, enable control to be exercised while reducing friction with the regional and international trading system.
The negotiation of customs and tax agreements is carried out by the Law Administration division. These agreements, which are aimed at enabling the international trade regime, are administered by SARS. They also play a significant role in creating the right business environment for companies and individuals.
Customs also negotiates and maintains free-trade agreements, such as with the South African Customs Union, the European Union and the Southern African Development Community. It has General Systems of Preference agreements, such as the African Growth and Opportunities Act or AGOA, which afford local manufacturers greater competitiveness in foreign markets.
The government seeks to boost competitiveness in the local export manufacturing sector and has designated four Industrial Development Zones (IDZs) to support this commitment. SARS will play a key role in the administration of enterprises operating in the designated customs-controlled areas of these IDZs.
Customs is also engaged in developments that have the explicit intention of protecting and promoting the interests of the country, Africa and the developing world. Working with other African customs administrations, SARS has made a significant contribution to the New Partnership for Africa's Development.
This article has been archived under Import and Export for your research purposes
Click Here to Search Archives
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http://www.sars.gov.za/home.asp?pid=166
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