SOURCE / ECONOMY By Chi Jingyi Published: Feb 21, 2021 08:53 PM
Aerial photo taken on Aug. 5, 2020 shows the Chengdu International Railway Port in Chengdu, capital of southwest China s Sichuan Province. (Xinhua/Liu Kun)A new international agreement promoting paperless trade officially took effect on Sunday, which analysts said will further leverage advantages of China s huge market and provide broader market opportunities for all Asia-Pacific members.
The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, a UN treaty deposited with the Secretary General of the United Nations, consists of 25 articles, mainly covering a trade facilitation policy framework, cross-border paperless trade facilitation, and cross-border mutual recognition of trade data and documentation in electronic form.
Cross-border paperless deal to boost China s trade facilitation: ministry - China News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.
LI MIN/CHINA DAILY
Saturday marks the entry into force of a new international agreement promoting paperless trade, reminding us, once again, 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 pandemic broke out early last year, enabling commerce to continue in spite of limiting physical contact. Yet despite the increasing acceptance of electronic documents across borders, implementation of cross-border paperless trade remains low according to the United Nations Global Survey on Digital and Sustainable Trade Facilitation for Asia and the Pacific.
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Cross-border paperless trade deal in Asia, Pacific enters into force today The New Nation
Business Desk : The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific will enter into force today.
At the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in 2016, member States adopted the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific to accelerate trade digitalization - the electronic exchange of trade-related data across borders, said a press release on Saturday.
More than 25 countries worked together to develop the treaty, which is now open for accession to all 53 members of ESCAP.
Digitalizing trade in the times of coronavirus pandemic chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.