National Time Release Study (NTRS) 2023

• The Time Release Study (TRS), a performance evaluation instrument, calculates how long it takes to release cargo from customs facilities.
• It calculates the time it takes for cargo to arrive and be free of charge for domestic clearance for imports and for cargo to arrive and be carried away by the carrier for exports.
• The report examines the country’s major entrance and shipping points, including seaports, air cargo complexes (ACCs), inland container depots (ICDs) and integrated check posts (ICPs).

KEY CONCLUSIONS:

• The results underline the significance of the “Path to Promptness” strategy, which includes rewards for dependable clients, risk-based facilitation, and early filing of import documentation. All port categories for cargoes that include all three criteria meet the National Trade Facilitation Action Plan release time target.
• The NTRS 2023 focuses more emphasis on assessing export release time in line with the government’s focus on export promotion.
• The report makes a distinction between physical clearance (the end of the logistics procedures) and regulatory clearance (customs release). When taking regulatory approval into account, the analysis shows that the National Trade Facilitation Action Plan release time objective has been met for the majority of port categories.