BusinessLocal NewsNews BCCI statement regarding ASYCUDA World Implementation by Barbados Today 14/09/2019 written by Barbados Today Updated by Desmond Brown 14/09/2019 2 min read A+A- Reset Share FacebookTwitterLinkedinWhatsappEmail 422 The Barbados chamber of commerce (BCCI) has issued the following statement regarding ASYCUDA World Implementation and its impact on the Business Sector Presently, the transition from ASYCUDA++ to ASYCUDA World has been resulting in significant loss of revenue for businesses in the retail and distribution sector. This has been occasioned by the inability of some businesses to replenish their stock in a timely manner. Additionally, the increased costs that businesses are incurring in demurrage and storage costs can trickle down to consumers of affected goods if incurred for a protracted period of time. We are cognizant that the migration process will result in some levels of delays and challenges to the business community. The Barbados Chamber of Commerce (BCCI) has been in continuous dialogue with the Customs & Excise Department and the ASYCUDA World (AW) Project team with a view to bringing to their attention the issues, concerns and challenges being experienced by our members during the migration from ASYCUDA ++ to ASYCUDA World. Responses from the Customs & Excise Department and new Comptroller of Customs have been positive. As part of our mandate to serve as a liaison between the government and the business community, the Executive Committee of the BCCI and the Chair of our Customs and Trade Facilitation Committee met with the new Comptroller and Deputies on Friday September 06, 2019. The areas discussed at the meeting included, inter alia: Access to ASYCUDA Portal; Warehousing Concerns; Lack of Communication; and Tariff Concerns The Comptroller of Customs has also designated a member of the ASYCUDA World Project team to serve as liaison with the BCCI to respond to the issues, challenges and concerns raised by members to the BCCI Secretariat. You Might Be Interested In Crystal Beckles-Holder, 2nd runner up in regional competition GUYANA: Body of child found after gold mine collapses Barbadians asked to help with return tickets for Haitians However, while these efforts to ensure regular communication with the business community are positive, the business community continues to be severely and negatively impacted by issues arising during the transition. It is hoped that the shipping companies and the Barbados Port relax some of the associated costs during the transition to AW given the impact to the business sector and the potential impact on the cost of goods. Barbados Today Stay informed and engaged with our digital news platform. The leading online multimedia news resource in Barbados for news you can trust. You may also like UWI students head to UK for surgical robotics research programme 15/05/2025 Dujon pledges people-centred representation in St James North 15/05/2025 Hundreds flock to register for $300 solidarity allowance 15/05/2025