Ulaanbaatar
Cross-border paperless trade toolkit launches
Society
Ulaanbaatar/MONTSAME/. The World Trade Organization (WTO) in
collaboration with the United Nations Economic and Social Commission for Asia
and the Pacific (ESCAP) and the United Nations Commission on International
Trade Law (UNCITRAL) organized a virtual event for launching the “Cross-border
Paperless Trade Toolkit” on 30 June 2022.
The event brought together around 130 participants to
discuss the growing role of the cross border paperless trade in addressing
trade hurdles and practical instruments that are responsive to needs for trade
digitalization.
In her remarks at the launch of the toolkit, Deputy
Director-General Anabel González highlighted that “Paperless trade can be
a very powerful tool to reduce trade costs, which is key to making economies
more efficient, global trade more inclusive, and supply chains more resilient”.
The launch was followed by a panel discussion with speakers
from Mongolia, Mexico and the Philippines on how to effectively remove the
impediments to cross border paperless trade by the virtue of legal and
technical readiness checklist developed by the ESCAP and the toolkit.
Mongolia ratified the Framework Agreement on Facilitation of
Cross-border Paperless Trade in Asia and Pacific on April 27, 2022. Mongolia’s
accession to this Framework Agreement is crucial to reduce trade costs by
digitalizing export and import documents, simplifying trade procedures.
Source: mfa.gov.mn
