Regulatory Landscape Assessment
At Saldrey, we understand that navigating the compliance, regulatory and operational risk landscape has without doubt, become the biggest headache for companies around the world seeking to penetrate new markets.The situation is not likely to ease any time soon, given the fact that the terrain is at best fluid in these emerging markets and there is a lot of regulatory reforms going on in these countries.
Both the ECOWAS countries and EAC/ECC countries continue to issue forth with further reforms, compounded by new initiatives, in their regulatory standards, and this in turn complicates the ease of doing business. As part of our day to day obligations, we guide companies in the evaluation of the rules relating to all aspects of trade in the country of their choice within the sub-Saharan Africa region. This assessment will then assist our client in their planning process.
These rules are particularly as it relates to point of market entry i.e for example transit trade, such as documentation requirements and the treatment of traffic in transit, which are particularly important for landlocked developing countries (LLDCs), product regulatory approvals in-country, and company start-up registration and incorporation.
Improved transit rules can facilitate deeper integration and support greater intraregional trade. SALDREY supports the African Union’s decision on ‘Boosting Intra-African Trade’ and will ensure that as much as possible we will do all we can to support trade within and outside the region. Specifically, we advise companies on important issues like:
- The number of license documents required during export or import operations in and out of countries
- The actual process of export and import into countries within the region
- Visa and entry clearance issues, for example the waiving of visa requirements for 44 countries in Africa for stays of up to 60 days to increase revenue from tourism.
- Expatriate quota and general immigration issues.
- Negotiations with government bodies
- Obtaining business incentives for companies, like the Tax Holiday, Import duty waiver, ETLS certificates that enables duty free exports to countries within ECOWAS, e.t.c .
The fragmentation that lies at the core of value chains requires goods to cross borders several times during production while complying with customs and administrative measures each time. Inefficient procedures, lack of competitive transport services and excessive fees add to the cost of doing business for companies in many developing countries.
Thus we advise companies on regulatory and quarantine requirements for export services in agriculture. This would include guidance on enabling legislations like the AGOA that enables duty free export of agricultural products to the United States.
We ensure that in deploying these services, there is greater efficiency, transparency and uniformity in customs procedures. For our clients dealing with the current high volume of regulatory challenges, we must turn their current challenges into opportunities to drive strategic change.