The International Chamber of Commerce and the World Trade Organization have today published the first-ever toolkit to help companies and government agencies adopt available standards to accelerate the digitalisation of trade processes. Drawing on stakeholder consultations through ICC’s Digital Standards Initiative over the past year, the report emphasises that one of the primary barriers to the adoption of paperless processes is a lack of awareness of existing standards for d

This report reviews the progress of trade facilitation reforms across 144 countries, based on the fourth UN Global Survey on Digital and Sustainable Trade Facilitation. The analysis is based on 58 trade facilitation measures that are classified into four groups (General Trade Facilitation, Digital Trade Facilitation, Sustainable Trade Facilitation and Other Trade Facilitation) covering both binding and non-binding WTO TFA measures, as well as measures beyond the scope of WTO

Excellent article by Yan Xiao & Ziyang Fan World Economic Forum, Digital Trade The growth in digital currencies could make cross-border payments more efficient and help address the $1.7 trillion global trade financing gap. These burgeoning currencies may not solve all trade issues, however, and could further complicate the supply and demand of foreign exchange, especially for countries with limited existing international trade. To realise their full potential, the advancement

Get excited: ‘The Roaring 20s’ report predicts a $1 trillion digital economy in the region by 2030. GUESS how many people began using the internet in South-east Asia this year? 10 million? Way too low. Try again. 20 million? Double that figure and you’ll be spot on. Forty million new users joined the 440 million in the region who are already online, 80% of whom are digital consumers, spending their dollars, pesos and ringgit on fashion, food, transportation, and gaming. No re

A new treaty aims to turn the idea of cross-border paperless trade into a reality Feb 20 marks the entry into force of a new international agreement promoting paperless trade, a timely reminder of how the COVID-19 pandemic has brought digital solutions to regional development challenges into the limelight. Paperless trade across borders has proven an effective way to mitigate trade disruptions since the onset of the crisis, enabling commerce to continue while limiting physica

The Asian Trade Centre, with generous support from the Hinrich Foundation, has launched a series of papers, Asia in the Digital Economy, to more carefully examine new and emerging issues in digital trade in 2021. Since the public launch of the World Wide Web in 1995, trade has increasingly gone digital. While firms are innovating at a rapid clip to design, develop and deploy digitally-enabled goods and services, governments have struggled to keep up. For the first decades af

MALAYSIA, KUALA LUMPUR, 5 October 2020 — IBM (NYSE: IBM) together with A.P. Moller – Royal Malaysian Customs Department (RMCD) today announced a collaboration to use the blockchain-enabled ‘TradeLens’ platform in Malaysia to modernise the shipping processes, create greater transparency and enhance customer satisfaction. This collaboration supports the country's effort to promote trading and economic stability by facilitating ease of doing business. By digitizing shipping proc

By Michael DiPaula-Coyle - Central to any #digitaltrade agenda should be three core principles: 1. Enable the Free Flow of Data 2. Protect Source Code and Algorithms 3. Ensure technology choice and encourage open digital architectures COVID-19 has created unprecedented disruptions in the global economy, the full impact of which will not become clear for years to come. Companies of all sizes are grappling with how to conduct business, reach customers, and maintain supply chain

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

Recommendations by GTDW Speaker Ziyang Fan Head of Digital Trade, World Economic Forum & Mike Gallaher The COVID-19 pandemic has accelerated the adoption of digital technologies and services, which have kept trade flowing even as movement has been restricted. This has highlighted the need to modernize trade rules and reverse the trend of digital protectionism. Modernizing digital trade rules will advance digital trade and create more jobs, human connections and creativity in

ABU DHABI, Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Abu Dhabi Executive Office, yesterday (May 9), inaugurated the Single Window of Logistics & Trade in Abu Dhabi during a visit to Khalifa Industrial Zone Abu Dhabi, Kizad, a subsidiary of Abu Dhabi Ports. Sheikh Khalid was briefed on development plans in presence of Falah Mohammad Al Ahbabi, Chairman of Abu Dhabi Department of Municipalities and Transport,

Enabling cross-border paperless trade, or the flow and legal recognition of trade-related data and documents in electronic form across borders, has the potential to cut transaction costs by 25% across Asia and the Pacific. Benefits associated with digitalizing trade procedures also include increased regulatory compliance, reduced illicit financial flows and more effective and inclusive participation in the digital global economy. If those benefits were not enough in themselve

With the recent launch of Tech neutral Track and Trace Standards for The Global Container Shipping Industry we are excited to welcome back Thomas Bagge, CEO, Digital Container Shipping Association @DCSA_org returning as a Keynote Speaker and Institutional Partner at GTDW China Trade Development Week, 16-18 June, Shanghai Pudong. Get the latest on how trade will benefit from an agnostic technology neutral approach to open standards for a common technology foundation that enabl

Delighted to share details by our partners at ICC, under the leadership of John Denton, outlining new digital initiatives for global trade. We look forward to ICC and many of the technologies and players involved in these initiatives joining us for the 19th Global Trade Development Week China Forum & Technologies Expo, 16-18 June, Shanghai Pudong, under the theme: Digitalisation, Standardisation & Interoperability of Trade Technologies As part of ICC’s Declaration for the Nex

New publication by International Trade Centre, Founding Members of GTDW Advisory Council on strategic approaches for ACFTA. Africa’s Continental Free Trade Area agreement, one of the most ambitious regional integration efforts of the 21st century, is requiring policymakers to align a wide range of complex and divergent trade strategies across the continent. If the agreement is to foster economic transformation, its strategic focus may have to deviate from previous efforts. Ex

China’s internet giant Alibaba Group, signed a memorandum of understanding with Ethiopian officials to help Ethiopia launch its first eWTP (electronic world trade platform) Hub, the second in Africa After Rwanda. At a ceremony held this morning and attended by Prime Minister Abiy Ahmed and Dr. Getahun Mekuria, Minister of Innovation and Technology, Jack Ma, Founder of Jack Ma Foundation and Partner of Alibaba Group, Eric Jing, Alibaba Group Director and Financial Services Gro

Fantastic to welcome back Ricardo Treviño Chapa, Deputy Secretary General, World Customs Organization (WCO), previously Director General, Mexico Customs and previous participant with GTDW Middle East Editions. Join us to welcome Ricardo and an amazing line up of speakers in Shanghai, June 2020 for the 19th International Edition of Global Trade Development Week CONFIRMED SPEAKERS · [KEYNOTE] Ricardo Treviño Chapa, Deputy Secretary General, World Customs Organization (WCO) · Al

Leaders discussion GTDW China Technology For Trade Facilitation, Compliance & Digitalisation Conference & Exhibition, 16-18 June, #shanghai FREE to attend for Heads of Customs, Compliance & Global Trade Management, Customs & Tax Administrations - email: globaltrade@kwconfex.com or view www.kwglobaltrade.com * Program: https://lnkd.in/fMSBTee * SPEX Prospectus: https://lnkd.in/fsxR8yd #blockchain #ecommerce #digitalization #tradetechnologies #tradetech #digitaltrade #paperless

Excellent paper by Henrik Hvid Jensen @trustworks VIEW FULL ARTICLE The digital business era requires organizations involved in global trade to rethink many aspects of their business models. Several enterprises in global supply chains have moved their digitalization focus outward toward the business ecosystems they are part of. Global supply chains are therefore becoming increasingly digital, with interactions happening among several different types of private and public part

We are incredibly proud to announce the amazing speaker line up that will be joining us for GTDW China 2020. With 2 Co-located conferences + Exhibition of technologies defining international trade capabilities, standards, security, anti illicit trade & digitalisation this is set to be a sell out. CONFIRMED SPEAKERS INCLUDE · Alan Bersin, Senior Fellow, Belfer Center for Science & International Affairs at the Harvard Kennedy School; Executive Chairman, Altana Trade & Technolog