IBI Awarded USAID/Timor-Leste TGA Contract
IBI is proud to announce that we have been awarded a prime contract to implement the USAID/Timor-Leste Trade Governance Activity (TGA). This four-year program will support the government of Timor-Leste as it develops trade systems that are more efficient, transparent, accountable, and compliant with international standards and obligations.
The primary objectives of the Activity are as follows:
Trade governance strengthened
Trade operations optimized to meet international standards
Trade facilitation and use of trade facilitation systems and instruments increased
IBI is excited to return to Timor-Leste, where it implemented the USAID-funded Customs Reform Project (CRP) from 2017 to 2021. CRP helped the national Customs Authority to implement a new and improved customs declaration process. The associated reforms reduced clearing times at Dili Seaport by over 60 percent and resulted in an estimated $38 million in savings for the private sector.
USAID expects that the renewed commitment to governance reform under TGA will contribute to increased trade, investment, economic growth, and international integration. Stay tuned for updates as implementation of TGA gets underway.