Unblocking cross-border trade

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.