Korea International Cooperation Agency (KOICA) is supporting a project for the modernization of Tanzania's customs administration, which is to cost USD 3.3million, equivalent to 5bn/-.
The project involves business process re-engineering and information strategy planning analysis, the development of cargo and risk management systems and the provision of equipment.
A statement availed to 'The Guardian' yesterday said following the project, president of Korea Revenue Authority Yoon Young-seon was in Tanzania for a three-day visit which started on July 7 to 9, this year, to discuss the improvement of customs services and other matters of mutual interest.
Koica resident representative Holywater Oh said that, in line with the Korean government's initiative to develop partner countries’ customs systems, the project also includes a training programme for Tanzanian customs officers in Korea and the dispatch of Korean experts to Tanzania Revenue Authority (TRA).
“The main objective of the project is to create a more advanced business environment, which will lead to a more beneficial foreign investment environment, simplification of the clearance procedure and increase in tax revenue, hence boost the economy of Tanzania” Oh said.
He said implementation of the project was expected to take 24 months, from 2011 to 2012.
During the visit, KRA president signed a cooperation agreement on customs services development on behalf of the government of Korea while TRA commissioner general Harry Kitilya signed on behalf of Tanzania.
Koica, which is the sole agency responsible for grant and aid programmes of the government of Korea, has been implementing various development programmes in Tanzania since 1992.
Koica programmes include the dispatch of World Friends Korea volunteers, training programmes and project-type cooperation focusing on the areas of agriculture, ICT, health and education.