Trade is critical to Somalia’s future, and a driving force for economic growth. An enabling environment for trading is one that allows faster, fairer, more predictable, and transparent processing and clearance of imports and exports—all at the lowest cost to the traders. Somalia Trade Information Portal is a part of Somalia’s Trade Facilitation Programme under the auspices of the Ministry of Commerce and Industry (MOCI).
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Information on trade, including laws and regulations, measures, standards, procedures, process maps, guidance notes, fees, forms, licenses and permit and customs tariff (organized by HS Code) as well as duty, fees, taxes, levies and applicable penalties in case of a breach.
Information on measures comprising of licensing and permit requirements, technical conformity standards, certification requirements and generally any form of authorization, inspection, verification, or other forms of control concerning export, import, and transit.
Information relating to international, regional and bilateral trade agreements to which Somalia is a party, including the applicable rules, regulations and requirements and the opportunities for Somalia on a product by product basis.
Today, @mocisom of Somalia launched the first Somali Trade Information Portal which contains reforms,regulations, procedures related to trade for the private sector. The portal (https://t.co/EDdLl0gWaJ) will save traders time/money when importing or exporting.— MoCI Somalia (@mocisom) August 25, 2021
Thanks @IFCAfrica pic.twitter.com/ifH4WTBean
#Somalia’s @mocisom has launched an online #trade portal containing the trade regulations & procedures companies need to do business. The portal (https://t.co/m1dc0muiKd) will save traders time and money when importing or exporting. Congratulations on this innovation! pic.twitter.com/u7l4up5NXx— IFC Africa (@IFCAfrica) August 25, 2021
To facilitate cross-border trade and provide more transparent trade information for businesses, Somalia's Ministry of Commerce and Industry, supported by IFC, today launched a trade information portal to lower costs and simplify trade procedures for Somali importers and exporters. The portal, found at www.stip.gov.co, 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. ...Read
Somalia’s economic growth is forecast to contract significantly due to the negative impacts of COVID-19 (coronavirus), the locust infestation and extreme flooding. The economy is projected to contract by 1.5 percent in 2020, down from earlier estimate of 3.2 percent before the pandemic....Read
The signing of the Mogadishu Port management agreement between the Federal Government of Somalia (FGS) and the Turkish company Albayrak earlier this month is a major milestone that was in the making for over three years. On Oct. 11, 2020, Albayrak signed a new 14-year contract with the Somali government to continue operating and investing in the rehabilitation of the Mogadishu Port which is one of the key domestic revenue generators and facilitator of trade for the Somali government and people...Read