In our latest quarterly issue: Industry bodies make significant headway with digital trade standards, efforts to modernize legislation around using eDocs in trade start bearing fruit, quantifying paperless trade benefits across the globe + much more! + SUBSCRIBE

Industry News & Views

Quantitative Analysis of the Move to Paperless Trade: Recent report outlines the economic imperatives to accelerating digital trade facilitation & legal reform, with potential benefits of US$1.2tn to Commonwealth trade by 2026 (source: TheCommonwealth.org). + READ MORE

Future International Trade Alliance launched: ICC, DCSA, BIMCO, FIATA & SWIFT launch the Future International Trade Alliance, to collaborate on the development and adoption of standards for using electronic bills of lading (eB/Ls) (source: ICC). + READ MORE

UNECE publishes standards for digitalization of multimodal transport data & document exchange: UNECE and its subsidiary body, UN/CEFACT, recently published a set of standards for digitizing intermodal transport data exchange (source: UNECE). + READ MORE

Digital & Sustainable Trade Facilitation – Global Report 2021: A recent United Nations ESCAP report reviews trade facilitation progress across 144 countries, based on data from the 4th UN Global Survey on Digital & Sustainable Trade Facilitation (source: UNESCAP). + READ MORE

Standards Toolkit for Cross-border Paperless Trade: ICC & WTO recently launched a standards toolkit for cross-border paperless trade, providing a consolidated overview of available standards to accelerate digital trade adoption (source: WTO). + READ MORE

Electronic trade documents – draft legislation & report: The Law Commission of England & Wales recently published its recommendation and draft legislation to support the UK's efforts to modernize legislation around digitizing trade docs (source: LawComm.gov.uk). + READ MORE

UK-Singapore Digital Economy Agreement – final agreement explainer: An explainer for the UK-Singapore Digital Economy Agreement, which, according to the UK Government, is the world's most innovative trade agreement (source: Gov.uk). + READ MORE

How certificates of origin stimulate global trade – APAC success story: China Council for the Promotion of International Trade (CCPIT), a member of the ICC CO Accreditation Chain, issued its first Certificates Of Origin under the RCEP Free Trade Agreement (source: ICC). + READ MORE

Tackling ‘functional equivalence’ to make MLETR work in Germany: German law experts are working on overcoming issues to align with the UNCITRAL Model Law on eTransferable Records (MLETR), which could unlock €1.1tn in German exports by 2026 (source: GTR). + READ MORE

Digital trade – Opportunities and actions for developing countries: Policy brief reveals how digital trade accelerated exponentially amid Covid, but growth was uneven, as developing countries need to take key steps to benefit from digitization (source: UNCTAD). + READ MORE

Three ways digital currencies could change global trade: WEF trade experts posit that the growth in digital currencies could make cross-border payments more efficient and help address the $1.7 trillion global trade financing gap (source: WEF). + READ MORE

NGFDS Barge Digital Transformation (BDT) Platform saves time and money: Coverage of the NGFDS BDT platform, and how the wider US agri industry is working towards digitally transforming barge trade docs to achieve 100% paperless trade (source: Feed & Grain). + READ MORE

ICC WCF Paper on solving problems with eCO acceptance: ICC WCF offers advice on increasing electronic Certificate of Origin (eCO) adoption as the world moves to remote work, feat. key steps Exporters & Chambers can take to overcome obstacles (source: essCert). + READ MORE

Impact of war in Ukraine on trade & development: UNCTAD assessment of the war’s impact on trade & development provides a worsening global economic outlook, underpinned by rising commodity prices and global supply chain reconfigurations (source: UNCTAD). + READ MORE

Global trade growth to be subdued in 2022 after record high of $28.5tn in 2021: Highlights from the UN’s recent global trade update, which found that world trade reached a record $28.5tn in 2021 but is expected to be lower in 2022 (source: Economic Times). + READ MORE

10 Maritime Predictions for 2022: A market intelligence consultant shares his top predictions for the shipping industry in 2022, including accelerated adoption of blockchain and IoT to streamline ship operations (source: Hellenic Shipping News). + READ MORE

essDOCS News

AM/NS India executes first ever eDocs transaction for Indian Iron Ore Pellet export: The milestone transaction executed by ArcelorMittal Nippon Steel India also marks the first use of our solution by ICICI Bank – the first Indian bank to adopt CargoDocs. + READ MORE

CargoDocs Digital Terminal Docs: essDOCS Co-CEO Alex Goulandris shares his update on our CargoDocs Digital Terminal Docs (DTD) solution – which brings a new level of powerful, hyper-customizable, yet quick-to-deliver offering to the energy & petrochemicals market. + READ MORE

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