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Progress in streamlining trade procedures continues despite COVID-19 crisis, UN survey shows
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Progress In Streamlining Trade Procedures Continues Despite COVID-19 Crisis, UN Survey Shows
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PHL trade facilitation rating exceeds pre-pandemic score
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Northlines
Armida Salsiah Alisjahbana
Tomorrow marks the entry into force of a new international agreement promoting paperless trade, a timely reminder of how the COVID-19 pandemic has brought digital solutions to regional development challenges into the limelight.
Paperless trade across borders has proven an effective way to mitigate trade disruptions since the onset of the crisis, enabling commerce to continue while limiting physical contact. Yet, despite the increasing acceptance of electronic documents across borders, implementation of cross-border paperless trade remains low according to the United Nations Global Survey on Digital and Sustainable Trade Facilitation for Asia and the Pacific.
Across Asia and the Pacific, governments must move from time-consuming paper-based processes to electronic and traceable trade procedures that can significantly enhance competitiveness and address new challenges associated with e-commerce and the digital economy. In doing so,