#crossborder

World Bank interest to invest $170m for customs modernisation in Bangladesh

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 11, 2020
1 min

World Bank interest to invest $170m for customs modernisation in Bangladesh

Promoting regional trade, investments - The World Bank (WB) has expressed interest to help the National Board of Revenue (NBR) modernise its customs procedure for promoting regional trade and investments, officials said on Tuesday. The WB has assured Bangladesh of providing assistance worth US$170 million for upgrading the cross-border and regional trade facilitation works, said an official of the Economic Relations Division (ERD). Meanwhile, the ERD, on behalf of the NBR, re

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WTO - How COVID-19-related restrictions on cross-border mobility are affecting global trade

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 28, 2020
2 min

WTO - How COVID-19-related restrictions on cross-border mobility are affecting global trade

A new information note published by the WTO Secretariat highlights how trade in goods and services has been affected by temporary border closures and travel restrictions linked to the COVID-19 pandemic. Key points International trade and investment have always relied on the cross-border mobility of individuals. To contain the spread of COVID-19, many WTO members imposed temporary border closures and travel restrictions. The severe restrictions on cross-border movement are not

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Counterfeit goods surge in Southeast Asia

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 25, 2020
4 min

Counterfeit goods surge in Southeast Asia

By Nick Redfearn, Rouse - COVID-19 has caused some shifts in IP infringement patterns, including magnifying existing trends. As a result of changes in trade, Southeast Asia (the 10 ASEAN nations) have now become China’s largest trading partner[1]. Southeast Asia received over USD350 billion in exports in 2019 and overtook the EU in 2020. Exports to Southeast Asia have been rising every year thanks to China’s Belt & Road initiative. China’s definition of the ‘Road’ is the sea

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‘Rules as data’ – the 21st century answer for trade facilitation?

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 25, 2020
2 min

‘Rules as data’ – the 21st century answer for trade facilitation?

Designing ‘human-centred’ trade facilitation solutions: How does it work? By Craig Atkinson for Enhanced Integrated Framework (EIF) Following digitisation of commercial documents, the digitalisation of trade implies functional use of data to improve the automation potential of cross-border processes. By taking a human-centred approach to policy design in conformity with global semantic standards, trade rules in a ‘data driven’ format can address inequalities in access to info

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SERVICE AT THE BORDER – KEY STEPS FOR TODAY AND TOMORROW

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 20, 2020
3 min

SERVICE AT THE BORDER – KEY STEPS FOR TODAY AND TOMORROW

Insight perspectives by ALEXANDER DE VOET, Manager, Global Consulting Lead, Accenture Border Services In my previous blog, I looked at some of the challenges border agencies face as they address the flows of people and goods in a world that is increasingly volatile, unpredictable, complex and ambiguous (‘VUCA’). To adapt and evolve their services to better meet these challenges, agencies need to start seeing the world from the point of view of the travellers and traders that

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How can IPAs effectively foster regional innovation and strengthen cross-border R&D partnerships?

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 16, 2020
4 min

How can IPAs effectively foster regional innovation and strengthen cross-border R&D partnerships?

Great article by our friends at PM&P Germany. With a rush by IPAs to attract 'Lighthouse' Investors creating clusters of innovation excellence with common goals and community can hugely enhance the approach to high tech & innovation led industries with long term economic benefits. Experience in day-to-day contact with clients has shown that not only for large organizations but also for SMEs and Start-Up companies, international co-operations in terms of R&D partnerships are o

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UNCTAD: The role of National Trade Facilitation Committees in global economic recovery

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 15, 2020
1 min

UNCTAD: The role of National Trade Facilitation Committees in global economic recovery

The COVID-19 pandemic is a calamity for global trade. UNCTAD forecasts that merchandise trade will fall by 20% in 2020 and by 27% during the second quarter of 2020. During this outbreak, an increasing number of obstacles including trade restrictions, lack of coordination between national border authorities, between countries and with logistics and transport operators led to a major slowdown in trade flows. In this context, trade facilitation (i.e. expediting the clearance of

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Dubai Customs Reaping Rich Dividends on Digital Investments

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 25, 2020
1 min

Dubai Customs Reaping Rich Dividends on Digital Investments

Digitalisation of trade facilitation is now fundamental and no longer a distant plan -Congratulations to Dubai Customs under the leadership of Ahmed Mahboob Musabih, Director General of Dubai Customs Against All Odds Dubai Customs Transactions Skyrocket in 2020 - The number of customs transactions completed by Dubai Customs skyrocketed 36% in the first five months of 2020 to reach 5.9 million compared to 4.4 million transactions in the corresponding period in 2019. This indic

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China Customs to use blockchain for cross-border clearance

GTDW FDI Trade & Supply Chain Digitalisation News

Oct 10, 2019
2 min

China Customs to use blockchain for cross-border clearance

Another great reason to join GDTW China Trade Facilitation, Compliance & Digitalization Conference & Exhibition, June, Shanghai, Co-hosted with APMEN Shanghai, covering digital trade, secure cross border trade & trade tech interoperability for the Aisa Pac region and beyond + co-located with The 4th Anti Illicit Trade, Brand & IPR Protection Conference & Exhibition. FULL STORY: Yesterday, the Chinese government revealed that it plans to use blockchain in numerous aspects of

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