ECONOMY

Road map to facilitate export system

Development Minister Costis Hatzidakis presented on Thursday a road map to help exporters. The plan is aimed at halving the time required to process exports as well as a 20 percent reduction in administrative costs by 2015.

Among other things, the 19 measures announced concern the modernization of customs procedures, product categorization, a reduction in export fees and the introduction of the so-called Single Window for export procedures that will effectively operate as a one-stop-shop service.

Once fully implemented, the ministry expects the new strategy to lead to an increase in the value of exported goods by 10 percent, a 1.7 percent rise in the country?s gross domestic product and in the creation of 80,000 new jobs. Notably, this ambitious strategy was first announced three years ago when Hatzidakis had been in charge of the same portfolio, but was never implemented.