Pohnpei gets a trade boost with new Customs Management System
15 March 2024Pohnpei, Federated States of Micronesia – Exciting news for Pohnpei’s trading community! In a significant leap toward modernizing customs management and enhancing trade facilitation, the Department of Finance and Administration, through the Customs and Tax Division (CTA), is launching its new customs management system called ASYCUDAWorld. The modern system will be fully operational […]
New Customs IT System for the FSM to Boost International Trade
The Federated States of Micronesia (FSM) is to modernize its customs procedures through the upcoming launch of ASYCUDAWorld – a cutting-edge customs management system developed by the UN Conference for Trade and Development (UNCTAD) to speed up customs clearance and facilitate international trade. Funded by the European Union through the Improving Pacific Island Customs & […]
Customs Intercepts Smuggled Weapons and Ammunition
Recently the FSM Customs and Tax Administration (Customs) intercepted two separate consignments of illegal weaponry, which has now been confiscated and handed over to the FSM National Police for further investigation. In September, two Customs Officers from the Customs Field Office in Yap were carrying out an inspection of containers at the Waab Commercial Dock. […]
International Customs Day 2020
Theme: Customs fostering Sustainability for People, Prosperity and the Planet. FSM Customs is dedicated towards a sustainable future where social, economic; health and environmental needs are at the heart of our actions. On January 29th FSM Customs joined with other International Customs Authorities in celebrating International Customs Day 2020. Our first commemoration took place outside the […]
FSM’s International Tax Standards Recognised by OECD’s Global Forum
FEDERATED STATES OF MICRONESIA’S CONTINUED RAPID IMPROVEMENT WITH INTERNATIONAL TAX STANDARDS RECOGNISED BY OECD’S GLOBAL FORUM PARIS, France—The Federated States of Micronesia (FSM) has received an overall rating of ‘Largely Compliant’ from the Organisation for Economic Co-operative Development’s (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes. The Global Forum is mandated […]
Secretary Lawrence in D.C. for IMF and World Bank Spring Meetings
Secretary Lawrence in D.C. for IMF and World Bank Spring Meetings Washington D.C., – Secretary Lawrence was in D.C. to attend the Spring Meetings for the International Monetary Fund (IMF) and the World Bank (WB) held from 8 – 14 April 2019. At the meetings, Secretary Lawrence met with Ms. Victoria Kwakwa, Vice President of the […]