The Asian Development Bank is offering USD1.5 million in a technical assistance grant to help speed up the movement of goods and people at prioritized border points in Brunei Darussalam, Indonesia, Malaysia and the Philippines.
The project is seen to improve trade and tourism in the subregional bloc.
The grant will be used to streamline entry procedures at border points into the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN (Association of Southeast Asian Nations) Growth Area, commonly known as BIMP-EAGA.
Vessels entering BIMP-EAGA are often required to provide up to 15 different clearance documents to at least seven agencies, a recent study reveals according to ADB.
“This process needs to be simplified and improved both in terms of the number of documents submitted and in the way processing is coordinated among numerous agencies,” said Nguyen Ba Hung, regional cooperation specialist with ADB’s Southeast Asia department.