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Paperless Trade
Paperless trade refers to “trade taking place on the basis of electronic communications, including exchange of trade-related data and documents in electronic form” in the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, adopted at United Nations Economic and Social Commission for Asia and the Pacific in May 2016. The enormous costs arising from the exchange of billions of trade-related documents, as well as the complexity of international trade documents and procedures, are a huge burden on businesses, and a major disincentive to many small firms for participating in international trade. Switching from paper documents would increase security and transparency in supply chains and provide governments and the private sector with higher revenues. Paperless trade aims to making cross-border business transactions more convenient and transparent while ensuring regulatory compliance. In the report of “Paperless Trade in International Sup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Economic And Social Commission For Asia And The Pacific
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) is one of the five regional commissions under the jurisdiction of the United Nations Economic and Social Council. It was established in order to increase economic activity in Asia and the Far East, as well as to foster economic relations between the region and other areas of the world. The commission is composed of 53 Member States and nine Associate members, mostly from the Asia and Pacific regions. In addition to countries in Asia and the Pacific, the commission's members includes France, the Netherlands, the United Kingdom and the United States. The region covered by the commission is home to 4.1 billion people, or two-thirds of the world's population, making ESCAP the most comprehensive of the United Nations' five regional commissions. History The commission was first established by the Economic and Social Council on 28 March 1947 as the United Nations Economic Commission for Asia and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated System For Customs Data
The Automated System for Customs Data (ASYCUDA) is a computerized system designed by the United Nations Conference on Trade and Development (UNCTAD) to administer a country's customs. In 2004 there were more than 50 operational projects with expenditures exceeding US$7 million. It is the largest technical cooperation programme of the UNCTAD, covering over 80 countries and 4 regional projects. There are three generations of ASYCUDA in use: ASYCUDA version 2.7, ASYCUDA++ and ASYCUDA World. They were built using different paradigms and solutions available at conception. ASYCUDA World is the most recent version. Cape Verde adopted use of ASYCUDA World in January 2016. , 12 January 2016, accessed 1 February 2017 UNCTAD's aim was to build a computer system to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single-window System
The single-window system or single-window concept is a trade facilitation concept which allows an international (cross-border) trader to submit information to a single agency, rather than having to deal with multiple agencies in multiple locations to obtain the necessary papers, permits, and clearances to complete their import or export processes. There is an obvious time saving benefit to the single window system. The concept is recognised by organisations such as the United Nations Economic Commission for Europe (UNECE) and its Centre for Trade Facilitation and Electronic Business (UN/CEFACT), World Customs Organization ( WCO), the United Nations Network of Experts for Paperless Trade and Transport in Asia and the Pacific ( UNNExT), and the Association of Southeast Asian Nations (ASEAN). Concept The main value proposition for having a single window for a country or economy is to increase the efficiency through time and cost savings for traders in their dealings with governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
