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UNESCAP’s Global Survey on Digital and Sustainable Trade Facilitation

 

Source: PIB

 Context: India has achieved outstanding performance in the United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation.

 

Trade facilitation refers to the simplification, harmonization, and streamlining of international trade procedures and processes. It involves reducing trade barriers, improving customs procedures, enhancing logistics and infrastructure, and promoting digitalization to make trade more efficient, cost-effective, and predictable.

 

Findings:

  • Score: The survey places India at the forefront of global trade facilitation efforts with an impressive score of about 93% in 2023, an improvement from 90% in 2021.
  • India’s success in various sub-indicators: Perfect scores of 100% in Transparency, Formalities, Institutional Arrangement and Cooperation, and Paperless Trade.
  • A substantial improvement in the “Women in Trade Facilitation” component, increasing from about 66% in 2021 to about 78% in 2023, highlighting its commitment to gender inclusivity and empowering women in the trade sector.
  • Notable Initiatives: Turant Customs ( it encompasses Faceless Customs, Paperless Customs, and Contactless Customs.), Single Window Interface for Facilitation of Trade (SWIFT), Pre-Arrival data processing, and e-Sanchit
  • India stands as the best-performing country in the South Asia region, surpassing several developed nations including Canada, France, the UK, and Germany

 

Significance: These measures have contributed to enhancing India’s ease of doing business and fostering a trade-facilitative environment in the country.

 

About the Survey:

The UNESCAP survey, which is fact-based rather than perception-based, covers a range of trade facilitation measures categorized into eleven sub-groups. It covers over 140 economies and evaluates 60 trade facilitation measures

 

About UNESCAP:

The United Nations Economic and Social Commission for Asia and the Pacific (HQ: Bangkok; founded in 1947) is one of the five regional commissions under the jurisdiction of the United Nations Economic and Social Council.