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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news