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

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner
Devereux

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search