10/26/2022
Since 2003, has utilized digital presentations, rather than using paper. This switch not only reduces time, but also cuts out the need for couriers and offers cloud-based data storage. A study found that when processing digital invoices rather than paper, there is a 63% reduction in greenhouse gas emissions per invoice, quantifying the many benefits and efficiency gains that can achieve by digitizing complex trade procedures.
To learn more about the benefits of paperless trade facilitation, visit https://unctad.org/news/quantifying-environmental-benefits-paperless-trade-facilitation.
Countries in the Asia-Pacific region continue to make progress in digitalizing trade procedures. When these procedures are digital, they can be made simpler, more accessible, and quicker to execute. But digital trade procedures can also contribute to protecting the environment.