Get Summary Of Un/cefact Trade Facilitation Recommendations (pdf)

The aim of Trade Theory is to explain the existing patterns of trade, the impact on the domestic economy, and the type of public policies that should be introduced to increase a country's well-being.

2 MEASUREMENT OF TRADE FACILITATION Hard FactorsSoft FactorsAvailability and quality of infrastructure (INFRA)Border efficiency (BORDER)Quality of air transport infrastructure (qoat)The burden of customs proceduresQuality of port infrastructure (qopi)Quality of roads (qor)5 more rows • Mar 16, 2023

The foremost objective of any trade is to earn profits by selling as much as possible products and services to collect the maximum revenue. International trade caters to this very objective. Access to international markets, there results in an expansion in the consumer base of a company's products or services.

In simple terms, trade facilitation should streamline customs procedures in order to reduce the time and cost to trade -- essentially, cut the “red tape” at the border.

Recommendation 16 recommends a five-letter alphabetic code for abbreviating names of locations such as ports, airports, inland freight terminals, and other locations where Customs clearance of goods can take place, and whose names need to be represented unambiguously in data interchange.

UN/CEFACT Recommendation Number 33 addresses this problem by recommending to Governments and traders the establishment of a “Single Window”, whereby trade-related information and/or documents need only be submitted once at a single entry point to fulfil all import, export, and transit-related regulatory requirements.

The United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) is a subsidiary, intergovernmental body of the United Nations Economic Commission for Europe (UNECE) which serves as a focal point within the United Nations Economic and Social Council for trade facilitation recommendations and ...