Financial Crime World

Guinea’s Fight Against Corruption: New Online Portal Streamlines Customs Clearance Process

In September 2019, Guinea launched an online portal, Guichet Unique du Commerce Exterieur de Guinee, to combat corruption and streamline foreign trade. This innovative platform digitizes commercial transaction management, making it easier for importers and exporters to submit customs declarations and obtain certifications and authorizations.

How the Portal Works

Simplified Customs Clearance Process

Under the new system, importers must verify the value of their goods before submitting customs declarations. Once valued, customs issues a bill for duties owed, which can be paid directly to the Central Bank or through a local commercial bank via the portal. The virtual receipt serves as proof of payment, allowing merchandise to be cleared through customs remotely.

Virtual Support for Importers

Local shipping agents are now available to assist importers virtually with customs clearance and warehousing of incoming goods. This move aims to reduce the risk of corruption and increase transparency in Guinea’s customs processes.

Benefits of the Portal

Reduced Corruption

The portal eliminates the need for physical interactions between businesses and government officials, reducing the risk of bribery and other forms of corruption that have long plagued Guinea’s trade sector.

Increased Transparency

The online platform provides a transparent way to manage commercial transactions, making it easier for importers and exporters to navigate the customs process.

Boosting Foreign Investment

The launch of the Guichet Unique du Commerce Exterieur de Guinee is seen as a significant step towards modernizing Guinea’s customs regime and promoting foreign investment in the country. As the government continues to develop its economic infrastructure, this innovative platform is expected to play a key role in attracting new businesses and creating jobs for the local population.

Conclusion

Guinea’s new online portal is an important step forward in the fight against corruption and the promotion of foreign trade. By simplifying customs clearance processes and reducing the need for physical interactions between businesses and government officials, this innovative platform has the potential to make a significant impact on Guinea’s economy.