Paperless Trade Oppertunities Challenges and Solutions

Paperless Trade Oppertunities  Challenges and Solutions

Paperless. Trade. 1. INTRODUCTION. There are various methods of payment in international sales: (1) cash in advance or prepayment; (2) payment on account or open account; (3) documentary collection; (4) documentary credits; ...

Author: Emmanuel Laryea

Publisher: Kluwer Law International B.V.

ISBN: 9789041198976

Category: Law

Page: 225

View: 982

A "digital divide" threatens the global trade regime. And it is not narrowing; it is rapidly becoming an unbridgeable chasm. Nor is this a problem merely for developing countries: the headlong trend toward dematerialisation of trade documents in the developed world will grind to a halt unless all trading countries without exception possess the legal and operational ability to participate in paperless trade. This challenging work not only describes the obstacles to universal support for paperless trade, but also provides solutions that can be implemented if stakeholders make the collective effort to achieve this most desirable (and in fact necessary) goal. Dr. Laryea investigates such central issues as the following: legal problems and security risks not encountered in paper documentation; accommodating low-tech problems with electronic documentation; and funding the construction of information and communication technology infrastructure in developing countries. The presentation focuses on each of the essential contract documents in turn, from the quotation to the documentary credit, explaining exactly how the electronic versions of each work (particularly in terms of security), and why each is desirable. As the first comprehensive set of practical proposals, from a truly global perspective, for the speedy dematerialisation of trade documents, Paperless Trade is essential reading for traders, practitioners, academics, and national and international officials and policymakers engaged in facilitating world trade.
Categories: Law

Trade Facilitation and Paperless Trade

Trade Facilitation and Paperless Trade

Trade facilitation and paperless trade in Asia-Pacific: Current state of implementation4 2.1. Background and objective For several years now, the ESCAP secretariat has systematically collected and analyzed information on the ...

Author: United Nations Economic and Social Commission for Asia and the Pacific

Publisher: United Nations

ISBN: 9789210581387

Category: Political Science

Page: 78

View: 558

This book features the results of the 2015 UNRC Joint Survey on Trade Facilitation and Paperless Trade Implementation for the Asia-Pacific Region and incorporates them into an econometric analysis estimating the impact of trade facilitation on trade costs. It shows that there is a strong, negative relationship between Asia-Pacific countries’ international trade costs and their level of trade facilitation implementation. Reducing trade costs is essential for developing economies to participate in international production networks and effectively use trade as an engine of growth and sustainable development. One effective way to reduce trade costs is to tackle non-tariff barriers and address regulatory procedures and documentation requirements. Trade facilitation, including paperless trade, 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 trade related information and documents along international supply chains.
Categories: Political Science

Asia Pacific Trade and Investment Report 2015

Asia Pacific Trade and Investment Report 2015

Cross-border paperless trade is an important mechanism for reducing trade costs, enhancing regional integration, and boosting intraregional and extraregional trade. It is necessary for countries to develop the legal and technical ...

Author: United Nations Economic and Social Commission for Asia and the Pacific

Publisher: United Nations

ISBN: 9789210576321

Category: Political Science

Page: 212

View: 746

Part I of this report assesses trends and developments in regional trade and investment flows and policies in an attempt to provide the insights and information necessary to separate the cyclical from the structural aspects. Part II analyses the participation of Asia-Pacific economies in global and regional value chains. By observing how economies at different levels of development have integrated into supply chains at different speeds and to varying extents, we can cast light on those policies that influence and shape value chain participation, and hence influence future patterns of trade and investment. The particular features of participation in value chains also have an impact on the ability of countries to access foreign technology and build innovative capacity, which in turn influences structural change and future development options.
Categories: Political Science

Reducing Trade Costs In Asia Pacific Developing Countries

Reducing Trade Costs In Asia Pacific Developing Countries

The outputs from stage one of the analyses are estimated elasticities (i.e., sensitivities) of trade times with regard to implementation of paperless trade reforms. These estimates provide the analysis with quantitative information on ...

Author: United Nations Economic and Social Commission for Asia and the Pacific

Publisher: United Nations

ISBN: 9789210581370

Category: Political Science

Page: 156

View: 324

This publication evaluates the current level of trade costs in the Asia-Pacific region and outlines recent evidence with regard to the impacts of various trade facilitation measures in reducing trade costs. Part I provides an overview of trade costs in Asia and the Pacific, based on the most recent update of the ESCAP-World Bank Trade Cost Database. Policies and factors affecting international trade costs are identified. Key findings and implications from a micro-level analysis of trade procedures in a wide range of Asia-Pacific developing economies are presented. Highlights and recommendations from some of the most recent ESCAP studies on trade facilitation and trade costs in Asia-Pacific are also summarized. Part II features abbreviated versions of five individual ESCAP studies summarized in Part I.
Categories: Political Science

Aid for Trade at a Glance 2017 Promoting Trade Inclusiveness and Connectivity for Sustainable Development

Aid for Trade at a Glance 2017 Promoting Trade  Inclusiveness and Connectivity for Sustainable Development

The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific The United Nations Economic and Social Commission for Asia and the Pacific's (UNESCAP) Framework Agreement on Facilitation of Cross-border ...

Author: OECD

Publisher: OECD Publishing

ISBN: 9789264278479

Category:

Page: 552

View: 275

This edition focuses on trade connectivity, which is critical for inclusiveness and sustainable development. Physical connectivity enables the movement of goods and services to local, regional and global markets.
Categories:

Asia Pacific Trade and Investment Report 2016

Asia Pacific Trade and Investment Report 2016

Trade facilitation implementation in Asia-Pacific 2015: moving towards paperless trade. Trade Insights, No. 12. Bangkok: ESCAP. Available from www.unescap.org/publications/trade-insights-series. Economic and Social Commission for Asia ...

Author: United Nations Economic and Social Commission for Asia and the Pacific

Publisher: United Nations

ISBN: 9789210586733

Category: Political Science

Page: 144

View: 139

The Asia-Pacific Trade and Investment Report (APTIR) is a major annual publication of the Trade, Investment and Innovation Division of United Nations ESCAP. It aims to deepen understanding of trends and developments in trade and investment in the Asia-Pacific region; emerging issues in trade, investment and trade facilitation policies, and impacts of these policies on countries' abilities to meet the challenges of achieving inclusive and sustainable development. It offers innovative policy options to meet the challenges of achieving sustainable trade and investment. APTIR 2016 shows that 2015-2016 has been a worrying period for trade and investment n the Asia-Pacific region and worldwide, and there are few signs that the current economic and trade slowdown is simply a temporary phenomenon. Instead, this pattern may be the result of a change in the fundamental structure of world trade, which might lead to a persistent trade stagnation. On the other hand, good progress was made, especially at the regional level, with furthering cross-border paperless trade as one of the approached to deal with the upward pressure on the trade costs. Special feature of this volume is a chapter on digital trade in Asia-Pacific. Accepting the rising importance of e-commerce as a new trade platform, there is opening for the possible changes in the focus of trade and investment policies in order to leverage the potential of e-commerce to support intraregional trade.
Categories: Political Science

Trade Facilitation and the WTO

Trade Facilitation and the WTO

However, much of the legal frameworN underlying the recent developments in paperless trade is produced by the industry itself in order to lay down the parameters within which it wants to transact using these new tools and methods.

Author: Sheela Rai

Publisher: Cambridge Scholars Publishing

ISBN: 9781527536333

Category: Political Science

Page: 270

View: 792

With efforts for further substantive liberalization of trade showing little signs of success, focus has shifted to the rationalization and simplification of procedural regulations in international trade. The Agreement on the Trade Facilitation in Goods came into force in 2017, and proposals for similar agreements for trade in services and foreign investment have been submitted and are under discussion. This book discusses both existing and proposed provisions on trade facilitation within the World Trade Organisation (WTO). It covers relevant General Agreement on Tariffs and Trade (GATT) provisions and jurisprudence, the negotiating history of the Trade Facilitation Agreement in Goods, provisions of the WTO Trade Facilitation Agreement and their relevance for developing countries’ concerns, with special emphasis on India, and the prospects for a global digital trade facilitation platform. The book also discusses the desirability for trade facilitation agreements for services and investment and the possibility of success of the proposals submitted in this regard in the WTO.
Categories: Political Science

Asia Pacific Trade and Investment Report 2017

Asia Pacific Trade and Investment Report 2017

In addition to cross-border paperless trade, several other ways to facilitate trade in the region have been identified. For instance, a meta-analysis of over 50 business process analysis (BPA) studies of import and export procedures in ...

Author: United Nations Economic and Social Commission for Asia and the Pacific

Publisher: United Nations

ISBN: 9789213628584

Category: Political Science

Page: 160

View: 613

This report aims to deepen understanding of trends and developments in trade, investment and regional integration in the Asia-Pacific region; emerging issues in trade, investment and trade facilitation policies, and impacts of these policies on countries' abilities to meet the challenges of achieving inclusive and sustainable development. It offers innovative policy options to meet the challenges of achieving sustainable trade and investment. It contains separate country and subregional country briefs. Part I delves into recent trends and developments pertaining to trade in merchandise and commercial services, and foreign direct investment (FDI) flows. Part II analyses how trade and investment are interlinked and can be channeled into sustainable development.
Categories: Political Science

The China Australia Free Trade Agreement

The China Australia Free Trade Agreement

It is unsurprising that both Australia's and China's FTAs addresses paperless trade requirements between private parties and government agencies. The paperless trade clause in the Australian FTAs provides that states shall endeavour to ...

Author: Colin Picker

Publisher: Bloomsbury Publishing

ISBN: 9781509915392

Category: Law

Page: 384

View: 507

This book provides readers with a unique opportunity to learn about one of the new regional trade agreements (RTAs), the China–Australia Free Trade Agreement (ChAFTA), that has been operational since December 2015 and is now at the forefront of the field. This new agreement reflects many of the modern and up-to-date approaches within the international economic legal order that must now exist within a very different environment than that of the late eighties and early nineties, when the World Trade Organization (WTO) was created. The book, therefore, explores many new features that were not present when the WTO or early RTAs were negotiated. It provides insights and lessons about new and important trade issues for the twenty-first century, such as the latest approaches to the regulation of investment, twenty-first century services and the emerging digital/knowledge economy. In addition, this book provides new understandings of the latest RTA approaches of China and Australia. The book's contributors, all foremost experts on their subject matter within this field, explore the inclusion of many traditional trade and investment agreement features in the ChAFTA, showing their continuing relevance in modern contexts.
Categories: Law

Kiribati Rapid eTrade Readiness Assessment

Kiribati Rapid eTrade Readiness Assessment

United Nations Conference on Trade and Development (UNCTAD) ... Trade cost reductions expected from full implementation of cross-border paperless trade are estimated at 10-30% of existing transactions costs, depending on the current ...

Author: United Nations Conference on Trade and Development (UNCTAD)

Publisher: United Nations

ISBN: 9789210047005

Category: Political Science

Page: 64

View: 491

The Kiribati Rapid eTrade Readiness Assessment focuses on examining seven key policy areas that are most relevant for e-commerce. Within each area, critical readiness gaps are identified and relevant recommendations are proposed to overcome barriers and bottlenecks to the growth of digital trade. Kiribati has yet to take advantage of the potential of e-commerce. The country could benefit substantially from e-commerce if it is able to accelerate the adoption of key measures aimed at supporting the development of an e-commerce ecosystem (e.g., e-commerce strategy, regulatory framework) and private sector investment (in infrastructure and access to finance). Among other benefits, e-commerce could fuel the development of the tourism and financial sectors, attract FDI, and increase employment in Kiribati. Despite the potential benefits provided by e-commerce, MSMEs may face barriers such as poor domestic and international logistics and limited access to financing.
Categories: Political Science