To facilitate cross-border trade and provide more transparent trade information for businesses, Somalia’s Ministry of Commerce and Industry, supported by IFC, has launched a trade information portal to lower costs and simplify trade procedures for Somali importers and exporters.
The portal, found at www.stip.gov.so provides a single source for all cross-border trade information. Over 90 laws, regulations, procedures, and other trade-related measures from over a dozen government agencies can now be accessed online. Businesses can also access licenses, permits, and applicable fees.
The portal will provide Somalia’s business community with easy access to information on import and export regulations and procedures. Also, it aims to improve the predictability and transparency of Somalia’s business environment and provide foreign and domestic investors with quick and timely access to trade rules and regulations.
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