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    <title>Transaction Cost of Export</title>
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    <description>The Task Force estimated export transaction costs at about seven to ten percent of export value and issued 44 recommendations, of which 23 have been implemented producing recurring savings. Consultations covered six export sectors and multiple export chain functions. Measures to reduce costs focus on procedural simplification, expanded and strengthened Electronic Data Interface linkages among Customs, banks and export promotion councils, and prescribed timelines for disposal of authorisations in the Handbook of Procedures.</description>
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