Roseau, Commonwealth of Dominica,
May 7, 2013 – IFC, a member of the World Bank Group, in partnership
with the Australian Agency for International Development and the Canadian
International Development Agency, is hosting a three day training session
for the Bureaus of Standards of several countries belonging to the Organization
of Eastern Caribbean States, with the aim of simplifying and harmonizing
their trade procedures and promoting regional economic integration.
The training will introduce the harmonized
system of classification of goods, which allows different institutions
to share and process information more easily, thereby improving trade logistics.
“IFC is an important partner in our
efforts to modernize and automate our processes so that we offer a better
service to the private sector in Dominica,” said Dr. Steve John, Director
of the Dominica Bureau of Standards. “The training session is a stepping
stone that will help us communicate better with customs officials, other
government institutions in Dominica, and Bureaus of Standards in the Caribbean.”
The training session is part of an IFC-implemented
initiative to automate the Bureau of Standards’ clearance for imports.
Participants from Antigua, Grenada, St. Kitts and St. Lucia will join officers
from Dominica in the training session.
“IFC is committed to making trade easier
in the Caribbean,” said Lazar Ristic, IFC Trade Logistics Specialist.
“With this initiative we seek to help government agencies connect more
efficiently, thus making import clearance easier and reducing logistics
costs that are still a challenge for many businesses in the region.”
The Investment Climate Advisory Services
of the World Bank Group helps governments implement reforms to improve
their business environment, and encourage and retain investment, thus fostering
competitive markets, growth and job creation. The global trade logistics
portfolio managed by the Investment Climate teams has grown over the last
four years to cover more than 40 countries around the world. IFC, in partnership
with AusAID and CIDA, is supporting the English-speaking Caribbean to promote
trade logistics reforms.
IFC, a member of the World Bank Group
is the largest global development institution focused exclusively on the
private sector. We help developing countries achieve sustainable growth
by financing investment, mobilizing capital in international financial
markets, and providing advisory services to businesses and governments.
In FY12, our investments reached an all-time high of more than $20 billion,
leveraging the power of the private sector to create jobs, spark innovation,
and tackle the world’s most pressing development challenges. For more
information, visit www.ifc.org.