Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New Zealand’s leading exporter adopts Trade Single Window

New Zealand’s leading exporter adopts Trade Single Window


New Zealand dairy co-operative Fonterra has signed up for the Trade Single Window, New Zealand’s new electronic border for trade.

Customs Deputy Comptroller Transformation and Technology, Robert Lake, says this is a major milestone in the roll out of the Joint Border Management System.

“Fonterra saw the benefits of sending and receiving export documentation directly through Customs’ Trade Single Window. They have reduced the costs associated with sending data through a third party, and adopted the more modern and reliable Trade Single Window connection service sooner rather than later,” said Mr Lake.

Fonterra is using the Trade Single Window to submit export documentation using the world standard data format which contains the goods and craft information required by border agencies internationally.

“In the first week 970 Fonterra export lodgements passed through the Trade Single Window, with an average response time of around 30 seconds.”

Trade Single Window currently covers 100% of outward messages and 35% of inward messages, and to date has handled over 400,000 transactions. Industry can choose to transfer over to the new system now, or they can continue to use existing border systems until JBMS becomes mandatory.

Fonterra’s Documentation Manager, Clyde Fletcher, says “We have taken a long term view and see the combined Trade Single Window platform and WCO data model as a strategic enabler that will have global benefits for our business.”

The Trade Single Window will ultimately provide a single channel for importers and exporters to comply with New Zealand’s border requirements, and, longer term, support sharing of data between countries to facilitate trade. It will reduce compliance costs, and improve border security through the supply of data that supports risk management.

-ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news