1887

Digital Trade Facilitation in Asia and the Pacific

Studies in Trade, Investment and Innovation No. 87

image of Digital Trade Facilitation in Asia and the Pacific

The study on ‘Digital Trade Facilitation in Asia and the Pacific’ reviews the state of play in implementation of trade facilitation and paperless trade in the Asia and the Pacific region. It also provides estimates of the trade cost reduction potential of trade facilitation implementation scenarios, from basic compliance with the WTO TFA to full digital trade facilitation. The stduy also includes a review of paperless trade provisions in regional trade agreements as well as an introduction to the Framework Agreement on the Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, as new tool to accelerate digital trade facilitation implementation in the region.

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The framework agreement on facilitation of cross-border paperless trade in Asia and the Pacific: An inclusive platform towards digital trade facilitation

On 19 May 2016, the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific (FA-PT) was adopted by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), making it the newest UN treaty in the area of trade and development. The Framework is fully dedicated to the digitalization of trade processes and enabling the seamless electronic exchange and legal recognition of trade-related data and documents across borders, rather than only between stakeholders located in the same country. Implementation of the Agreement is expected to greatly reduce transaction time and costs as well as increase regulatory compliance.

English

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