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: 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:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. 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