Home / Knowledge / News / Apparel/Garments / Sri Lankan apparel exporters now join ASYCUDA network
Sri Lankan apparel exporters now join ASYCUDA network
02
Aug '13
Sri Lanka’s non-BoI (Board of Investment) apparel exporters have now been integrated to the global network called ‘The Automated System for Customs Data Worldwide’ (ASYCUDA) World of the United Nations Conference on Trade and Development (UNCTAD).
 
The country’s apparel sector has now entered a new phase and joined 84 other countries on the UNCTAD’s global electronic network.
 
Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka, said the country’s apparel sector would receive a significant boost because of the non-BoI apparel exporters being integrated into the online ASYCUDA World system. 
 
The integration of non-BoI apparel exporters to the ASYCUDA World network is expected to save more than 8200 man hours to them annually.
 
Mr. Bathiudeen said, with the apparel sector’s entry into the ASYCUDA world, apparel manufacturers can successfully eliminate the present manual submission of custom documents (custdocs) and can directly submit custom declarations, to the Department of Customs.
 
The integration into the network reduces travel time, creates less bureaucracy, and less document processing by the non-BoI apparel exporters for their every single shipment.
 
Minister Bathiudeen said Sri Lanka’s apparel exports are recovering from the impact of the global recession, as  the country’s overall garment exports which include ‘apparels and other woven fabrics’, have increased in first half of 2013 by 1.5 percent to US $ 1.994 billion, compared to the same period in 2012 which stood at US$ 1.964 billion.
 
The ‘apparel only’ export value totaled US$ 1.873 billion during the first half of 2013, nearly the same as US$ 1.874 billion exports made during the same period last year, he added.
 
ASYCUDA is a computerized customs management system which covers most foreign trade procedures. The system handles customs declarations, accounting procedures, as well as transit and suspense procedures. 
 
The ASYCUDA software is developed in Geneva by UNCTAD. It operates on micro in a client server environment under UNIX and DOS operating systems and RDBMS Software.
 

Fibre2fashion News Desk - India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search