#tradefacilitation

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 29
2 min

UN ESCAP: Has WTO Trade Facilitation Agreement Really Helped Reduce Trade Costs?

Five years after the entry into force of the WTO Trade Facilitation Agreement (TFA), many countries have made progress in implementing the agreement, much technical assistance has been provided, and a lot of success stories have been highlighted at the project or national level for specific measures. But can we find any macro-level quantitative evidence of the impact of the WTO Trade Facilitation Agreement on trade costs? Using the latest release of the ESCAP-World Bank bilat

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UN Report: Digital & Sustainable Trade Facilitation Global Report Released

GTDW FDI Trade & Supply Chain Digitalisation News

Feb 3
1 min

UN Report: Digital & Sustainable Trade Facilitation Global Report Released

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

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UNCTAD Calls for Trade Facilitation to Protect Public Health, Ensure Undisrupted Movement of Goods

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 29, 2021
2 min

UNCTAD Calls for Trade Facilitation to Protect Public Health, Ensure Undisrupted Movement of Goods

Trade facilitation can help protect public health while minimizing disruptions to trade as a result of COVID-19. Crowded border posts and longer truck lines lead to delays during a time when efficiency and speed are of the utmost importance to respond to the pandemic. UNCTAD urges agencies to coordinate and cooperate within and among countries to ensure that critical goods reach consumers and hospitals, in coastal and landlocked countries in particular. Border agencies are im

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SLOW PROGRESS ON ASEAN ECONOMIC BLUEPRINT RISKS LONG TERM FUTURE

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 16, 2021
3 min

SLOW PROGRESS ON ASEAN ECONOMIC BLUEPRINT RISKS LONG TERM FUTURE

The EU-ASEAN Business Council (EU-ABC) has published two papers calling for more progress on ASEAN’s regional economic agenda and linking a durable recovery from the pandemic to ASEAN’s Leaders, Trade and Finance Ministers putting in place specific measures to accelerate work on the ASEAN Economic Community (AEC). The EU-ABC, which represents the interests of the European business community across Southeast Asia, cited concerns about the lack of progress on key elements of AS

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GTDW FDI Trade & Supply Chain Digitalisation News

Jun 10, 2021
4 min

June FDI & Trade Intelligence News

We are pleased to share the latest FDI & Trade Intelligence News and Resources from across KW Group Networks & Partners - For daily updates follow us on LINKEDIN OFFICIAL MAY CHINA TRADE DATA. Analysis by John W. Miller, Chief Economic Analyst, Trade Data Monitor: Asia is really humming. Chinese exports of goods to top Asian trading partners boomed in May, suggesting that the continent is blowing past Europe and the U.S. in 2021 in the speed and scale of its recovery from the

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Trade Facilitation Committees Around the World - UNCTAD Resource

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 1, 2021
1 min

Trade Facilitation Committees Around the World - UNCTAD Resource

Excellent updated resource by UNCTAD which allows you to explore National Trade Facilitation Committees on a global basis National Trade Facilitation Committees (NTFC) are important platforms for institutional coordination and stakeholders’ consultation with balanced private and public sector participation. They enable the planning and implementation of successful trade facilitation reforms. UNCTAD has actively participated and supported the establishment of NTFCs in developi

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Evolution of the world's 25 top trading nations - UNCTAD

GTDW FDI Trade & Supply Chain Digitalisation News

May 13, 2021
1 min

Evolution of the world's 25 top trading nations - UNCTAD

Discover in less than one minute the evolution of the world's main trading nations over the last 22 years! Trade has significantly expanded in the last four decades. In 1979, trade represented 36% of global GDP and by 2019 the figure had grown to 60%. This expansion came with changes in the competitive landscape of global trade, and the concomitant rise of the south. The above graphic tells part of this story. For instance, it captures the meteoric rise of China, from the per

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Accelerating Trade Digitalization Amid The Pandemic

GTDW FDI Trade & Supply Chain Digitalisation News

Feb 18, 2021
2 min

Accelerating Trade Digitalization Amid The Pandemic

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

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GTDW FDI Trade & Supply Chain Digitalisation News

Feb 18, 2021
1 min

Can Asean recover this year?

Prior to the pandemic, Southeast Asia had made huge advancements and was forecasted to be the fourth biggest economy by the year 2030. Unfortunately, the Covid-19 pandemic has resulted in economic devastation for Asean, arguably posing the greatest challenge since the region’s formation. However, there are positive signs that Asean can make an economic recovery in 2021. “All Asean nations are involved in the Asean Single Window Live Operation, where trade and cargo flows can

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UNCTAD Latest Global Trade Update Indicates Strong Recovery in China & East Asia

GTDW FDI Trade & Supply Chain Digitalisation News

Feb 11, 2021
1 min

UNCTAD Latest Global Trade Update Indicates Strong Recovery in China & East Asia

UNCTAD has published its latest Global Trade Update. The good news is that world trade continued its recovery from the pandemic in the fourth quarter of 2020, and most sectors saw positive growth. The less good news is that although trade in goods rebounded by 8%, services stagnated. And while goods exports from East Asian economies grew by about 12% in Q4 (year-over-year), negative trends continued for goods exported from most other regions. The report also highlights persis

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OECD - Getting goods across borders in times of COVID-19

GTDW FDI Trade & Supply Chain Digitalisation News

Dec 2, 2020
2 min

OECD - Getting goods across borders in times of COVID-19

This note updates Trade facilitation and the COVID-19 pandemic from April 2020 with insights into the evolution of new border protocols and trade facilitation measures impacting traders since COVID-19 and exploring what more can be done to prepare for the next stages of the pandemic as uncertainty persists. It highlights the importance of transparency and availability of timely trade-related information in mapping bottlenecks and risks, as well as the importance of trade faci

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New policies boost cross-border e-commerce in China amid pandemic

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 5, 2020
2 min

New policies boost cross-border e-commerce in China amid pandemic

Cross-border e-commerce in China is on track for growth this year despite global lockdowns that constrained shipping capacity and supply chain operations in the early months of the COVID-19 pandemic. China has put forward new measures in facilitating cross-border e-commerce to bolster trade, as retailers are increasingly bringing sales online to compensate for offline losses. The digital economy has been an important driver for post-pandemic trade recovery. China is holding t

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Six Asean countries implement Asean Customs Transit System

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 4, 2020
2 min

Six Asean countries implement Asean Customs Transit System

The Asean Customs Transit System (ACTS) will be implemented in Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam. ACTS enables goods to be transported by road under a single regime, regardless of which Asean member state they depart, transit and arrive at, although it is subject existing border measures imposed by respective countries during the Covid-19 pandemic. BUSINESSES can look forward to time savings, cost reduction and better connectivity in moving goods by la

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WTO - Members cite role of trade facilitation in ensuring access to goods to tackle COVID-19

GTDW FDI Trade & Supply Chain Digitalisation News

Oct 26, 2020
4 min

WTO - Members cite role of trade facilitation in ensuring access to goods to tackle COVID-19

The COVID-19 pandemic was a recurring theme at the meeting of the WTO’s Committee on Trade Facilitation on 20-21 October. A number of members highlighted how trade facilitation — and the WTO’s Trade Facilitation Agreement (TFA) in particular — can be used to help authorities ensure that essential goods related to COVID-19 treatments and equipment can cross borders and reach their intended recipients quickly. Several members made presentations during the committee meeting rega

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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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ADB halts single window project of Maldives' on suspicious grounds

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 9, 2020
3 min

ADB halts single window project of Maldives' on suspicious grounds

In an unprecedented first in Maldives, the Asian Development Bank (ADB) has halted the USD 6.7 million (MVR 100 million) National Single Window project of the Ministry of Economic Development, as it was handed over to an ineligible contractor on suspicious grounds. Marking the first time that a major international organisation has stopped a project in Maldives, local media Mihaaru reported that ADB ordered local authorities to investigate the matter and re-open the project fo

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As Roberto Azevêdo Jumps Ship from WTO to Pepsi, What Legacy Does he Leave Behind?

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 2, 2020
1 min

As Roberto Azevêdo Jumps Ship from WTO to Pepsi, What Legacy Does he Leave Behind?

Azevedo has claimed success on issues like a Trade Facilitation Agreement aimed to cut through delays in trade. But on his watch, the WTO also failed to conclude the Doha Development Agenda. After acting as the custodian for the 164-member inter-governmental trade organisation for the past seven years, one would think it wouldn’t be that easy to go from trying to straighten a sinking ship to working for a profit-making multinational company that produces sugary drinks. But th

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DCSA's Thomas Bagge and the quest to digitise container shipping

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 2, 2020
1 min

DCSA's Thomas Bagge and the quest to digitise container shipping

Former Maersk executive Thomas Bagge has been chief executive and statutory director of Digital Container Shipping Association (DCSA) for nearly 18 months, in an attempt to pull the shipping industry into the 21st century. It is, he says, not an easy quest, but the first fruits of his labour are starting to show. “The container shipping industry is currently not a digitally advanced industry. We are, however, seeing a shift as many companies are thinking about how to change t

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Trade Digitalisation: ASEAN ministers to strengthen regional supply chains

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 2, 2020
2 min

Trade Digitalisation: ASEAN ministers to strengthen regional supply chains

ASEAN economic ministers are committed to strengthening regional supply chains and improve trade digitalisation to spur trade and investments, as well as cushion the impact of the ongoing health crisis, according to Indonesian Trade Minister Agus Suparmanto. The commitment came after the 52nd ASEAN Economic Minister (AEM) meeting on Tuesday, in which ministers gathered virtually to discuss the impact of Covid-19 in the region’s economy, among other issues. “Indonesia supports

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GTDW FDI Trade & Supply Chain Digitalisation News

Sep 1, 2020
1 min

Need Help To Access Asia Markets?

Asia Trade, Investment, FDI, Trade Facilitation, Digitalisation & Technical Consulting, Events & Networks - With Covid-19 reducing the ability for travel and business development KW Group have expanded our technical consultancy support across the region to support market access across Asia Pacific from our HQ in Malaysia. We work with trade donors, governments, academia, chambers, associations & enterprise clients with technical consulting, market access, sales & event suppor

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