Africa loses revenue in poor border procedures- report.
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Date
2017-10-03
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Publisher
Daily Monitor
Abstract
Revenue losses from inefficient border procedures in some African countries are estimated to exceed 5 per cent of the Gross Domestic product. According to the 2013 Organisation for Economic Cooperation and Development (OECD) study, reducing global trade costs by 1 per cent would increase worldwide income by more than $40 billion (shs144 trillion), with developing countries being the biggest beneficiaries.
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Newspaper Article