KOICA Extends $7.5m for One Window Service

Apr 20 , 2019

The Korea International Cooperation Agency (KOICA) has pledged to give 7.5 million dollars to support one window service in Ethiopia. The agreement was signed between Adanech Abebe, Minister of Revenues, and Sujin Kim, director of KOICA, on April 19, 2019. “The fund will be used to automate, modernise and build the institutional framework of the business sector,” said Adanech at the signing. One window service, a concept wherein all required trade documents for importers and exporters can be processed at a single location, will be implemented with the aim of increasing efficiency and transparency. The service is also expected to improve the investment, import-export and logistics sectors. Because of the complexity and unpredictability of international trade, the government will open a One Window International Trade Program office, Adanech added. The Agency was founded in 1991 to maximize the effectiveness of South Korea’s grant programs for developing countries by implementing the government’s aid and technical cooperation programs.