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Unblocking cross-border trade
- Source: International Trade Forum, Volume 2018, Issue 1, Mar 2018, p. 34 - 36
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- 18 May 2021
Abstract
Global trade is experiencing a major boost to easing movement of goods across borders. The implementation of the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) is driving the reduction of time and cost of cumbersome trade formalities. However, an equally powerful force expediting cross-border trade is the accelerating progress of the digital technology in areas spanning from trade logistics, automated processing and e-payments to immediate access and exchange of trade information and documentation.
© 2018 United Nations