Business updates

MCCI, National Focal Point of TOAM

MCCI, National Focal Point of TOAM

Trade 10 Sep 2015

The MCCI has been appointed as the National Focal Point (NFP) for the ‘Trade Obstacles Alert Mechanism’ (TOAM) which was officially launched on 10 September 2015 by the Minister of Foreign Affairs, Regional Integration and International Trade, Hon. Etienne Sinatambou, at a workshop held at the Westin Turtle Bay Resort and Spa in Balaclava.

TOAM, an online platform, is a joint public-private sector initiative which aims at facilitating the resolution of trade obstacles. The platform has been developed by the International Trade Centre with the objective of providing a proactive approach to tackle problems faced by business people.

The new tool allows companies to post online information about the challenges they face and deal directly with the relevant agencies. Through TOAM, policy makers and Trade Support Institutions can monitor the obstacles and put in place remedial policies or programmes. The National Monitoring Committee, chaired by the International Division of the Ministry of  Foreign Affairs, Regional Integration and International Trade, oversees the effective functioning of the mechanism by gathering all parties involved.

As the National Focal Point, the MCCI will be responsible for the management of the TOAM platform. The NFP has to ensure the prompt transmission of information between public and private actors whilst maintaining confidentiality.

The TOAM presents major benefits to the business community as it provides a single channel towards which importers and exporters can direct the trade barriers they encounter.