Trade Facilitation and Paperless Trade in Micronesia (Fed. States of)

Micronesia (Fed. States of)

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Overview & Charts

Full list of scores

    		2021Trade facilitation score of 24.73%
    	

    		    			    			Transparency: 46.67%; 
    		    			    			Formalities: 20.83%; 
    		    			    			Institutional Arrangement and Cooperation: 55.56%; 
    		    			    			Paperless Trade: 22.22%; 
    		    			    			Cross-Border Paperless Trade: 0%.
    		    	

Transparency
Publication of existing import-export regulations on the internet	Fully implemented
Stakeholders` consultation on new draft regulations (prior to their finalization)	Partially implemented
Advance publication/notification of new trade-related regulations before their implementation	Partially implemented
Advance ruling on tariff classification and origin of imported goods	Not implemented
Independent appeal mechanism	Not implemented

Formalities
Risk management	Partially implemented
Pre-arrival processing	Not implemented
Post-clearance audits	Not implemented
Separation of Release from final determination of customs duties, taxes, fees and charges	Not implemented
Establishment and publication of average release times	Not implemented
TF measures for authorized operators	Not implemented
Expedited shipments	Not implemented
Acceptance of copies of original supporting documents required for import, export or transit formalities	Fully implemented

Institutional Arrangement and Cooperation
National Trade Facilitation Committee or similar body	Fully implemented
National legislative framework and/or institutional arrangements for border agencies cooperation	Partially implemented
Government agencies delegating border controls to Customs authorities	Not implemented
Alignment of working days and hours with neighbouring countries at border crossings*	Not available
Alignment of formalities and procedures with neighbouring countries at border crossings*	Not available

Paperless Trade
Automated Customs System	Fully implemented
Internet connection available to Customs and other trade control agencies	Fully implemented
Electronic Single Window System	Not implemented
Electronic submission of Customs declarations	Not implemented
Electronic application and issuance of import and export permit	Not implemented
Electronic Submission of Sea Cargo Manifests*	Not implemented
Electronic Submission of Air Cargo Manifests	Not implemented
Electronic application and issuance of Preferential Certificate of Origin	Not implemented
E-Payment of Customs Duties and Fees	Not implemented
Electronic Application for Customs Refunds	Not implemented

Cross-Border Paperless Trade
Laws and regulations for electronic transactions	Not implemented
Recognised certification authority	Not implemented
Electronic exchange of Customs Declaration	Not implemented
Electronic exchange of Certificate of Origin	Not implemented
Electronic exchange of Sanitary & Phyto-Sanitary Certificate	Not implemented
Paperless collection of payment from a documentary letter of credit	Not implemented

Transit Facilitation
Transit facilitation agreement(s)*	Not available
Limit the physical inspections of transit goods and use risk assessment*	Not available
Supporting pre-arrival processing for transit facilitation*	Not available
Cooperation between agencies of countries involved in transit*	Not available

Trade Facilitation for SMEs
Trade-related information measures for SMEs*	Not implemented
SMEs in AEO scheme*	Not implemented
SMEs access Single Window*	Not implemented
SMEs in National Trade Facilitation Committee*	Not implemented
Other special measures for SMEs*	Do not know

Agricultural Trade Facilitation
Testing and laboratory facilities available to meet SPS of main trading partners*	Not implemented
National standards and accreditation bodies to facilitate compliance with SPS*	Not implemented
Electronic application and issuance of SPS certificates*	Not implemented
Special treatment for perishable goods*	Do not know

Women in Trade Facilitation
TF policy/strategy to increase women’s participation in trade*	Not implemented
TF measures to benefit women involved in trade*	Not implemented
Women membership in the National Trade Facilitation Committee or similar bodies*	Do not know

Trade Finance Facilitation
Single window facilitates traders access to finance*	Do not know
Authorities engaged in blockchain-based supply chain project covering trade finance*	Do not know
Variety of trade finance services available*	Do not know

Trade Facilitation in Times of Crisis
Agency in place to manage TF in times of crises and emergencies*	Do not know
Online publication of emergency TF measures*	Do not know
Coordination between countries on emergency TF measures*	Do not know
Additional trade facilitation measures to facilitate trade in times of emergencies*	Do not know
Plan in place to facilitate trade during future crises*	Do not know

*) Not included in calculation of the trade facilitation score.

Compare Micronesia (Fed. States of) to other economies or groupings

Did you find an inaccuracy and/or would you like to submit an update on implementation of trade facilitation and paperless trade measures in Micronesia (Fed. States of)? Please let us know »

Micronesia (Fed. States of)

2023 Global Report