A ceremony was held on Tuesday, February 20, 2024, at the Palau Royal Resort for the launching of the Automated System for Customs Data (ASYCUDA) for recording of inbound and outbound cargos of the country.
The ceremony was graced by President Surangel S. Whipps, Jr. alongside Minister Kaleb Udui, Jr. and Director John Tarkong, Jr. of Customs and Border Control who will head the operational system.
Funded by the European Union, ASYCUDA marks a significant step forward in Palau’s trade and customs administration. This integrated system automates international trade and transport operations brining Palau in line with global standards and facilitating smoother interactions with financial and economic partners.
“This system will incentivize investments in Palau,” President Whipps stated during the ceremony highlighting the system’s potential to boost Palau’s economy.