Webb Fontaine Expands Central American Footprint with Costa Rican Customs Project

October 20, 2023 01:07 AM AEDT | By Cision
 Webb Fontaine Expands Central American Footprint with Costa Rican Customs Project
Image source: Kalkine Media

DUBAI, United Arab Emirates, Oct. 19, 2023 /PRNewswire/ -- Webb Fontaine, a global technology leader company, alongside with PBS Group has secured a ground-breaking contract with the Costa Rican Ministry of Finance to implement a state-of-the art digitalized Customs Management System. This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.

Webb Fontaine will lead the charge in transforming trade operations, ensuring precise Customs duty payments, and simplifying e-commerce imports, marking the biggest company's project in Central America, a vital trade hub. Costa Rica's impressive trade statistics further underscore the significance of this project.

Finance Minister Nogui Acosta underscored the transformative nature of the digital Customs system, emphasizing how it represents a pivotal departure from outdated tools. He stated, "This project will allow us to have a modern system. We are going to eliminate a system that has been integrated for more than 10 years, that has shortcomings, that has problems, and today we are going to have a world-class system [...] that will allow us, not only to provide traceability, but also to use artificial intelligence to manage imports and exports in this country."

The digital Customs system will handle a wide range of trade operations, including manifest, import and export declarations, and cargo traceability, set to be fully operational by November next year. The contract has been signed with the PBS CR-Webb Fontaine Consortium, a partnership between PBS CR and Webb Fontaine.

Alioune Ciss, CEO of Webb Fontaine Group, conveyed his deep enthusiasm, stating, "Leading this project is an honour that aligns perfectly with our mission to advance efficiency and transparency in customs duty collection. This isn't just a contract; it's a commitment to empowering Costa Rica's economic growth by streamlining and digitalizing Customs operations. We are dedicated to leveraging our cutting-edge technology, including Artificial Intelligence and Machine Learning, to set new standards for Customs excellence.

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.