World Bank Group

07/16/2024 | Press release | Distributed by Public on 07/16/2024 08:17

Unlocking Trade Through Economic Growth in the Middle East and North Africa

The Trade Facilitation Support Program in the Middle East and North Africa (MENA) region - funded by the Government of Sweden - aims to streamline trade processes, reduce costs, and enhance connectivity, thereby boosting regional and international trade. By aligning with international standards and focusing on inclusive growth, the program will drive economic development, reduce poverty, and create opportunities across the MENA region.

Key Features

  • Simplified Border Processes: By simplifying and harmonizing procedures and promoting digitalization, we reduce the time and cost of import, export, and transit procedures. This makes it easier for businesses, especially small and medium enterprises (SMEs), to engage in international trade.

  • Transparency and Predictability: Clear, predictable customs and border procedures expedite the clearance of shipments, ensuring a smoother trading experience. Advanced risk management techniques help in maintaining security and compliance while reducing delays.

  • Economic Recovery and Development: Our program enhances trade facilitation and cross-border trade infrastructure, supporting economic recovery and resilience. Lowering trade costs and creating job opportunities contribute to poverty reduction and economic stability.

  • Inclusive Growth: Special attention is given to empowering women traders and SMEs, promoting policies that support their active participation in global markets. This inclusivity drives innovation and growth, tapping into a significant source of economic potential.

  • Regional Cooperation: Strengthening collaboration among MENA countries, the program fosters regional integration and digital transformation, creating a seamless trading environment.

Read more about the new program below.

The World Bank's Trade Facilitation Support Program (TFSP) in Middle East and North Africa is funded by the government of Sweden.