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Press Releases

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List of Press Releases - 2017-4

UN/CEFACT adopts three policy recommendations for trade facilitation (10 April 2017)

The OECD estimates that countries could reduce trade cost by about 5% only by simplifying trade documents, automating trade, and customs processes. The revision of two Recommendations and the adoption of a new one by the UN Centre for Trade Facilitation and Electronic Business (UN/CEFACT) last week ...
UNECE and AFACT formally join hands for cutting red tape (03 April 2017)

The World Trade Organization (WTO) estimates that the implementation of the Trade Facilitation Agreement (TFA) will reduce trade cost by 13-14 percent in developed and developing countries around the world. The UN Centre for Trade Facilitation and Electronic Business (UN/CEFACT), serviced by UNECE, ...
The UN Centre for Trade Facilitation and Electronic Business (UN/CEFACT) approves a new Recommendation on Public-Private Partnerships in Trade Facilitation (23 February 2017)

The port of Aqaba, Jordan’s only sea port, was reformed in 2004 through a public-private partnership (PPP), which helped to reduce average port stays from 8 days to a few hours. Port productivity has more than tripled and the cost to export per 20-foot container dropped from USD 720 in 2004 to ...
UNECE welcomes ratification of Trade Facilitation Agreement by WTO Members and pledges full support for implementation (22 February 2017)

Today, the WTO Trade Facilitation Agreement (TFA) has formally entered into force. This will cut total trade costs for about 14% on average, and will result in massive savings of over 1 trillion USD annual to economies, the majority of which will accrue to developing economies.  “The first ...