The Customs and Tax Division (CTA) of the Department of Finance and Administration in Yap State of the Federated States of Micronesia (FSM) has implemented the ASYCUDAWorld system.
Yap is the second State in FSM to implement the computerised customs management system after a successful launch in Pohnpei, last month.
At least 30 businesses have started using the system in Pohnpei since it was launched.
Prior to the launch of the system in Yap, the trading community including shipping agents, customs officers, and importers participated in a weeklong training to acquaint themselves with ASYCUDAWorld.
The implementation of ASYCUDAWorld in FSM is supported by the European Union (EU) funded Improving Pacific Island Customs and Trade (IMPACT) project implemented by the United Nations Conference on Trade and Development (UNCTAD), aimed at boosting regional and international trade in the Pacific by standardising and simplifying customs operations.
The digitalisation of the customs processes further aligns to the commitment of the FSM Government in providing efficient and transparent services to its people.
The system offers a range of benefits to the Government and its trading community. This includes increased public revenues, reduced corruption and ease in customs clearance processes while eliminating the use of paper.