Trade facilitation and paperless trade: state of play and the way forward for Asia and the Pacific

Yann Duval,United Nations: Economic and Social Commission for Asia and the Pacific,Tengfei Wang

Trade facilitation and paperless trade: state of play and the way forward for Asia and the Pacific
Format
Paperback
Publisher
United Nations
Country
United States
Published
25 May 2016
Pages
76
ISBN
9789211207279

Trade facilitation and paperless trade: state of play and the way forward for Asia and the Pacific

Yann Duval,United Nations: Economic and Social Commission for Asia and the Pacific,Tengfei Wang

This book features the results of the 2015 UNRC Joint Survey on Trade Facilitation and Paperless Trade Implementation for the Asia-Pacific Region and incorporates them into an econometric analysis estimating the impact of trade facilitation on trade costs. It shows that there is a strong, negative relationship between Asia-Pacific countries’ international trade costs and their level of trade facilitation implementation. Reducing trade costs is essential for developing economies to participate in international production networks and effectively use trade as an engine of growth and sustainable development. One effective way to reduce trade costs is to tackle non-tariff barriers and address regulatory procedures and documentation requirements. Trade facilitation, including paperless trade, has taken increasing importance as evidenced by the WTO Trade Facilitation Agreement reached in December 2013, as well as the growing number of regional and subregional initiatives aimed at facilitating the electronic exchange of trade related information and documents along international supply chains.

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