Trade Facilitation and Paperless Trade: State of Play and The Way Forward for Asia and the Pacific, Studies in Trade and Investment No. 85
Trade facilitation (the simplification and harmonization of import, export, and transit procedures) including paperless trade (the use and exchange of electronic data and documents to support the trade transaction process), has taken increasing importance as evidenced by the WTO Trade Facilitation Agreement reached in December 2013, as well as the growing number of regional and subregional initiatives aimed at facilitating the electronic exchange of information along international supply chains. This book features the results of the 2015 UNRCs Joint Survey on Trade Facilitation and Paperless Trade implementation for the Asia-Pacific region and incorporates this information into an econometric analysis, estimating the impact of trade facilitation on trade costs. It recommends that a holistic but step-by-step approach towards trade facilitation implementation be considered, emphasizing the importance of paperless trade the need to enable the cross-border exchange and legal recognition of electronic data and documents for trade facilitation.