The Head of Customs and Excise at the Namibia Revenue Agency (NamRA), Wilbroad Poniso, says the agency has been working tirelessly towards streamlining the way of doing business by ensuring efficiency, protection, and compliance in the global supply chain.

Poniso was speaking during an awareness session on the Authorised Economic Operation (AEO) at Walvis Bay.

The  AEO Programme serves as a vital instrument in achieving NamRA objectives.

This session, says Poniso, aims to create awareness and provide valuable insights into the programme, its benefits, and the indispensable role it plays in fostering international trade.

Every trader in Namibia will be well-informed about the AEO Programme and the opportunities it presents, adding that their active participation will harness the full potential of the programme.

"The Namibia Revenue Agency acknowledges the pivotal role that traders play in our economy, and we are fully committed to supporting your growth and success. By becoming authorised economic operators and embracing the AEO Programme, you can gain a competitive edge, expedite your customs clearance processes, reduce costs, enhance security, and strengthen your relationships with trading partners across the globe."

Poniso reminded the nation of the need to comply with customs and tax laws.

"An appropriate record of compliance with Customs and other related laws and regulations; a system of managing records to allow for necessary internal controls; financial solvency, including, where appropriate, provision of a sufficient security or guarantee; and supply chain security, with simplified Customs procedures and trade facilitation benefits to encourage compliance and stimulate trade, thereby contributing to growth at both national and regional levels."

The AEO Compliance Programme is part of the World Customs Organisation and is aimed at rewarding compliant traders who meet specified criteria.