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Trade Facilitation Needs and Customs Valuation in Fiji

In line with most developing countries, the last decade has seen Fiji adopt an export oriented, outward-looking approach to trade relations. Import restrictions have been largely lifted in favour of export promotion, and as such Fiji now has a more liberalized or open economy with increased volumes of both exports and imports. A concept very much related to trade liberalization and openness is trade facilitation. Trade facilitation is the simplification and harmonization of international trade procedures, including activities practices, and formalities involved in collecting, presenting, communicating and processing data required for the movement of goods in international trade (WTO/UNCTAD, 2001). It reduces transaction costs, as well as, the complexity of international trade induced by documentation, procedure and regulations and hence, expands trade, resulting in both economic growth and development...

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