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The global trade facilitation regulatory framework and the role of ICT

The global trade facilitation regulatory framework and the role of ICT

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Constantly increasing global containerized trade leads to port congestion and delays in the movement of goods. In an era of global value chains (GVCs), trade facilitation is particularly important. Information and communication technology (ICT) applied in modern trade control and facilitation tools constitutes a remarkable enabler for the implementation of the World Trade Organization's Trade Facilitation Agreement articles. For instance a successful risk management policy being implemented with the support of a Customs Information System (CIS) that allows the storing and analysis of trade data at a declaration level. Similarly, exchange of data between trade stakeholders, including government inspection agencies and the private sector, cannot be achieved without fully automated Electronic Single Window (eSW) platforms. Today, the abundance of public and commercial datasets, combined with the availability of affordable technological solutions, places ICT in the center of this agenda and encourages governments to deploy hard and soft ICT infrastructure to digitalize the flow of international trade. However, such policies should not be designed in isolation and in the absence of supporting legal and regulatory framework to enable their proper operationalization.

Chapter Contents:

  • 1.1 Introduction
  • 1.2 The international trade ICT framework
  • 1.3 Elements of trade ICT functional environment
  • 1.4 Electronic Single Windows
  • 1.5 Cargo Community Systems
  • 1.6 Could CCSs and NSWs work together?
  • 1.6.1 Interoperability and systems integration
  • 1.6.2 Technological disruption and ICT in trade facilitation
  • 1.7 Regulatory underpinnings for cross-border data sharing
  • 1.8 Conclusions
  • Appendix A List of potential services offered by port community systems
  • Appendix B The global trade facilitation compliance framework
  • References

Inspec keywords: goods distribution; sea ports; data analysis; international trade; information systems; electronic data interchange; freight containers; supply chains; goods dispatch data processing; risk management; retail data processing

Other keywords: global trade facilitation regulatory framework; private sector; port congestion; risk management policy; fully automated electronic single window platforms; trade data analysis; government inspection agencies; eSW; trade stakeholders; World Trade Organization's Trade Facilitation Agreement articles; information and communication technology; international trade; ICT; GVCs; CIS; commercial datasets; customs information system; global value chains; data exchange; global containerized trade; goods movement

Subjects: Data interchange; Business applications of IT; Retailing and distribution computing; Goods distribution; Information management

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