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Commonwealth Trade Hot Topics

The Trade Hot Topics series provides concise and informative analyses of various trade and trade-related issues which are prepared both by Commonwealth Secretariat and international experts.

English

Digitalising Trade Facilitation Implementation

Opportunities and Challenges for the Commonwealth

This issue of Trade Hot Topics argues that effective trade facilitation reform can be accomplished through institutional adoption of digital technologies and by learning best practices from leading Commonwealth members. Countries such as Singapore and Australia have very early on incorporated paperless and digital trade components into their trade facilitation frameworks; this modernisation is of special importance for Commonwealth countries that are still in the inception stages of implementing digital trade facilitation frameworks. With increased modernisation, they will be able to implement up-to-date trade facilitation reforms and adopt trade facilitation solutions with a digital component, preparing for the next steps in the digital revolution and its increasing impact on trade policies.

English

Keywords: contactless, paperless, modernisation, technology, digital trade faciliation
JEL: O31: Economic Development, Innovation, Technological Change, and Growth / Innovation; Research and Development; Technological Change; Intellectual Property Rights / Innovation and Invention: Processes and Incentives; F10: International Economics / Trade / Trade: General; O14: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Industrialization; Manufacturing and Service Industries; Choice of Technology
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