Kenya, US agreement against illegal inter-regional trade

Thursday 28 August 2014 00:50 CET | News

The governments of Kenya and US have signed an agreement whose purpose is to develop trade, security and countering cross-border illegal trespasses, reports.

The Kenya Revenue Authority (KRA) has claimed that the Customs Mutual Assistance Agreement (CMAA) will facilitate information sharing between the 2 two countries on the enforcement of the rules.

KRA has also stated that the agreement provides the legal framework for the exchange of information and evidence to assist countries in the enforcement of customs laws, including duty evasion, trafficking, proliferation, money laundering, and terrorism-related activities.

CMAAs which are bilateral deals between countries, also serve as foundational documents for subsequent information sharing arrangements, including mutual recognition arrangements on authorized economic operator programs.

Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts and figures, preferred payment methods, risk and fraud, as well as ecommerce legislation and regulation for mature and emerging markets.

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Keywords: Kenya, US, agreement, cross-border, illegal, illicit, trade, Africa, inter-regional, government, KRA, CMAA
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce