Digital and Sustainable Trade Facilitation Report: CAREC 2019

Digital and Sustainable Trade Facilitation Report: CAREC 2019

Date: 
Monday, November 4, 2019
Type: 
Databases and related outputs
Abstract

The report finds that achieving basic CAREC-wide compliance with the WTO TFA may reduce trade costs of the group by about 12.7%. A TFA+ package of measures involving full digital implementation of the TFA together with enabling the seamless electronic exchange of trade data and documents across borders results in much larger trade costs reductions of nearly 21.3%. The FA-CPT is a UN treaty open to all Asia-Pacific countries and already signed or acceded to by China and Azerbaijan, respectively. Other CAREC countries may also utilize the FA-CPT as an inclusive intergovernmental platform to accelerate implementation of harmonized and interoperable paperless trade facilitation solutions.

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