The ICC and UNESCAP have created an online database to track progress of trade digitalization efforts around the world. Useful as a resource for countries in efforts to digitalize their supply chain, the database tracks legal and implementation instruments, government and quasi-government projects as well as reference materials.
According to Mr Yann Duval from UNESCAP, the database will be an essential source of information for ESCAP member states as they proceed with implementation of the UN treaty on cross-border paperless trade facilitation in Asia and the Pacific, but also to all those who want to further accelerate the digitalization of their trade processes. Achieving seamless cross-border paperless trade is ambitious but is expected to cut trade transaction costs by at least 13% across the region.
Ms Hannah Nguyen from ICC agreed that ICC remains committed to ensuring that systems used by all stakeholders are interoperable, and that businesses and government stakeholders are enabled to significantly improve cross-border trade efficiencies, visibility and resilience to enhance the overall performance and sustainability of supply chains.