Trade facilitation in Asia and the Pacific: An update
- Author: United Nations Economic and Social Commission for Asia and the Pacific
- Main Title: Asia-Pacific Trade and Investment Report 2016 , pp 53-65
- Publication Date: October 2016
- DOI: https://doi.org/10.18356/875995cc-en
- Language: English
Trade facilitation and the reduction of international trade transaction costs remain an important priority for many countries of the Asian and Pacific region. Two thirds of the Asia-Pacific members of WTO have now ratified the WTO Trade Facilitation Agreement and are well on their way towards its implementation. In addition, ESCAP member States, in May 2016 finalized the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific (Framework Agreement). This unique and innovative instrument is expected to greatly support the region in maintaining its trade competitiveness and reaping the benefits from the fast-growing digital economy. The Framework Agreement encourages continued progress by early adopters of cross-border paperless trade, while also lowering the barriers to entry for late movers. This is particularly important given the wide range of capabilities for trade facilitation and paperless trade implementation in the Asia-Pacific region.
-
From This Site
/content/books/9789210586733c008dcterms_title,dcterms_subject,pub_keyword-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution105