Thilawa SEZ introduces E-Lock system to enhance trade facilitation, counter illicit trade

The secured logistics with the E-Lock system commenced at Thilawa Special Economic Zone on 19 September, with a view to ensuring smooth trade flow, complying with the international container shipping process, fighting illicit trade and increasing revenue.
The logistics surveillance system (E-Lock) launching ceremony was held at the Thilawa SEZ, Yangon Region, on 19 September to track the movements of cargo with box trucks.
Phase 1 of the E-Lock system will begin on the Yangon SEZ-Myawady route. Then, it will proceed to Yangon-Myawady, Mandalay-Muse and Yangon-Mandalay routes under Phase II. The successful e-lock system will contribute to the ASEAN Customs Transit system to facilitate the movement of goods across ASEAN borders.
The system will provide real-time monitoring of cargo movements, track and detect the activity and whereabouts of the trucks, ensure safe and secured logistics and smooth trade flow, combat illicit trade, raise the State’s revenue, minimize cargo delays and reduce the loss risks of the goods and save certain fees.
Smart logistic tracking with an e-lock system is widely used in international countries including neighbouring China and Thailand. — Aung Myint/KK

Share this post
Hot News
Hot News
Myanmar engineer invents fuel regenerator from burning plastic waste
China Foundation for Rural Development funds seven projects in Myanmar worth over US$13 mln
Cloud sea on Mount Mongshu, a new destination, fascinates many visitors
Black gram price recovers in domestic market
Kyat weakens to over K3,500 against US dollar
YGEA lowers gold reference price amid spot gold price dip
Weekly market update of dry groceries at Bayintnaung Wholesale Centre
4,828,202 CSCs issued in Pankhinn Project Phases I & II
77 construction permits issued during Nov last week-Dec first week
Union Government Office 2 Union Minister receives CFRD Executive Director