fbpx

Portal for traders launched

BY: News Desk Report
• Ms Valentina Mintah — ICC Executive member

The International Chamber of Commerce (ICC) in partnership with West Blue Consulting, United Parcel Services (UPS), Trade Law Center (TRALAC) have officially launched the eTradeHubs portal, www.etradehubs.com.

The eTradeHubs portal is a one-stop for Trade Tools, Information & Collaboration which aims to reduce the time and cost of doing business by supporting businesses at all levels of maturity - the micro enterprise to the multinational.

Features

The portal which was virtually launched last week Thursday has features such as a multi country Tariff and Trade Information Tool and a Duty Calculator.

A first-time trader or existing trader wishing to import raw materials or export finished goods, can search on the portal.

The Duty Calculator further provides an estimate of the customs duty, tax and levies of the destination region or country to aid in financial and logistical planning.

eTradeHubs also provides a Trade Management Tool. Equipped with accurate trade information, the trader can proceed to transact, by generating trade compliant documentation, manage compliance, workflow and costs - all on the same platform, without the need to visit multiple regulatory agencies, entities, websites and physical offices as done previously.

The portal currently provides country data on Ghana, Kenya, Nigeria, South Africa, Zambia and the ECOWAS sub region, with more countries and sub regions to be introduced in support of the Digitise 5 million African SMES initiative.

Women-led SMEs

ICC, UPS, Tralac, and West Blue Consulting through a Memorandum of Understanding (MOU) announced a partnership to support women-led small and medium-sized enterprises (SMEs) in Africa.

The partners will offer capacity building programmes and tools, including co-developed trade and information portals called “e-Trade Hubs,” advocate for enabling public policy, and create electronic guidelines to help women entrepreneurs scale-up and digitise their businesses.

COVID-19

The Secretary General of ICC, Mr John W.H. Denton AO in his remarks said the economic, social, and health consequences associated with the COVID-19 pandemic had unequally impacted the lives and livelihoods of women business owners everywhere. 

“We are extremely proud to partner with UPS, Tralac, and West Blue Consulting to level the playing field in Africa and provide women entrepreneurs with the required resources to digitise their businesses. Women-led businesses are the backbone of their local economies – we can’t afford to leave them behind,” he added,

The CEO and Founder of West Blue Consulting,  noted that “The adoption of solutions by women in business and trade, will ensure benefits such as an increased ability for women to work from home whilst raising families; improved global market access, employment opportunities and a shift of women from the informal sector to the formal.

“The portal will provide a 24/7 collaborative space where women traders and entrepreneurs in the African Continental Free Trade Area (AfCFTA) and of course their male peers can connect and access timely and up to date information, skills and operational tools, offered by various providers”, she added.

Information

Ms Mintah expressed delight to partner with ICC, UPS and TRALAC to provide the needed skills training, trade information and tools via the eTradeHubs portal www.etradehubs.com.

President of UPS, Ms Penny Naas, the International Public Affairs & Sustainability said “Research shows that only 1 out of 5 businesses that exports is led by a woman. At UPS, we’re moving our world forward by helping women-run businesses maximize their participation in trade through public-private partnerships that provide policy recommendations and support with knowledge sharing and building skills”.

 Executive Director of Tralac, Ms Trudi Hartzenberg, said the adoption of digital trade solutions for the AfCFTA would address many border management challenges that disproportionately impact women traders.