One of the goals of the Pacific Alliance (PA), the economic bloc made up of Chile, Colombia, Mexico, and Peru, is achieving an area of deep integration where goods and services are traded tariff-free without facing other barriers to trade. To this end, in addition to eliminating tariffs, now covering more than 98% products on average, the PA has implemented innovative trade … [Read more...] about How the Pacific Alliance linked up its single windows for foreign trade
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Making trade more efficient with blockchain
International trade is of critical importance for economic and social development worldwide. A major cost of global trade is the regulatory requirement of submitting large volumes of information to governmental authorities to comply with import, export, and transit-related documents and certificates. Trade Single Windows are flagship initiatives that reduce these … [Read more...] about Making trade more efficient with blockchain
How Does Trade Respond When Borders Are Simplified via Single-Window Systems?
To learn more about this issue, see chapter 5 of Out Of the Border Labyrinth, a report published by the IDB’s Integration and Trade Sector, and IDB Working Paper series no. IDB-WP-706, “The Border Labyrinth: Information Technologies and Trade in the Presence of Multiple Agencies.” Paperwork at the Border: A Process or a Trial? About a hundred years ago, Franz Kafka … [Read more...] about How Does Trade Respond When Borders Are Simplified via Single-Window Systems?
Latin America struggles with trade logistics. Here’s what we can do.
You are an efficient producer and want to start exporting. You have the resources and an understanding of potential markets. You also have the installed capacity, the source suppliers and have identified buyers in other countries. However, what is more likely to hurt your competitiveness is moving your goods to the customers. Armies win wars by being better at the logistics … [Read more...] about Latin America struggles with trade logistics. Here’s what we can do.
Tracing products back to their origin: facilitating regional trade through blockchain
The COVID-19 crisis is challenging governments to step up their efforts to digitize public management. International trade is no exception. This is an opportunity to make a qualitative leap towards the modernization of foreign trade procedures through technologies such as blockchain. The need for … [Read more...] about Tracing products back to their origin: facilitating regional trade through blockchain