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Paperless trade refers to “trade taking place on the basis of electronic communications, including exchange of trade-related data and documents in electronic form” in the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, adopted at United Nations Economic and Social Commission for Asia and the Pacific in May 2016.

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  • Paperless trade (en)
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  • Paperless trade refers to “trade taking place on the basis of electronic communications, including exchange of trade-related data and documents in electronic form” in the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, adopted at United Nations Economic and Social Commission for Asia and the Pacific in May 2016. (en)
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  • Paperless trade refers to “trade taking place on the basis of electronic communications, including exchange of trade-related data and documents in electronic form” in the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, adopted at United Nations Economic and Social Commission for Asia and the Pacific in May 2016. The enormous costs arising from the exchange of billions of trade-related documents, as well as the complexity of international trade documents and procedures, are a huge burden on businesses, and a major disincentive to many small firms for participating in international trade. Switching from paper documents would increase security and transparency in supply chains and provide governments and the private sector with higher revenues. Paperless trade aims to making cross-border business transactions more convenient and transparent while ensuring regulatory compliance. In the report of “Paperless Trade in International Supply Chains: Enhancing Efficiency and Security”, paperless trade is discussed from the perspectives of countries and private enterprises. It points out that the advance exchange of information and the automated analysis of trade data enable governments and enterprises to react faster on events and take appropriate measures to reduce costs and risks. (en)
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