Trade Facilitation

15 July, 2011-Busan, South Korea: Shipbuilding and repairing yards in Busan, South Korea's second largest metropolis after Seoul, with a population of around 3.6 million. as of 2010.  It is the largest port city in South Korea and the fifth largest port in the world.  The Asia-Pacific region has, since 2006, become the world’s second largest aggregated economy – accounting for 29% of global GDP following extraordinary GDP growth rates in recent decades. Photo Credit:Kibae Park/UN Photo

Cumbersome trade procedures discourage economic activity and make it difficult for firms and countries to participate in regional and global production networks. Trade facilitation measures help simplify processes and regulations, thereby saving time and money for governments and businesses alike. ESCAP assists countries, particularly least developed and landlocked developing countries (LDCs and LLDCs), by developing tools and guides for implementation of trade facilitation measures such as national single windows, developing cross-border paperless trade arrangements, facilitating knowledge sharing on good trade facilitation practices, delivering capacity building and technical assistance on demand, encouraging coordination among development partners involved, and conducting research trade facilitation, including on reducing trade cost and trade finance. The United Nations Network of Experts for Paperless Trade in Asia and the Pacific (UNNExT) is the main platform through which ESCAP delivers its activities.