Date post: | 22-Jan-2018 |
Category: |
Economy & Finance |
Upload: | international-chamber-of-commerce-icc |
View: | 266 times |
Download: | 1 times |
Paperless trade
• Paperless trade worth between 20-50% in incremental GDP growth over next 20 years for emerging markets according to WTO
• Lots of progress over past 2 decades with many elements of trade being digitised • New enabling technologies leading to faster digitization such as DLT, cloud, API’s • Connecting digital platforms remains a challenge across issues such as legal,
liability, technology and information security -> no standard • Future for digital trade positive as governments increasingly focus on trade
facilitation and corporates on cost reduction to remain competitive
Paperless trade key messages