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Paperless Trade Insights Q4 2021

Paperless Trade
Digital Trade
trade finance
electronic bill of lading
electronic Certificate of Origin
Bank of China
Shanghai Ouyeel
  Paperless Insights Q4 2021 HEADER

In our latest quarterly issue: Predictions for the state of digital trade in 2022 & beyond, trade headwinds amid ongoing supply chain disruptions, G7 countries ramp up legal acceptability of eDocs, improving ESG performance through trade digitization + much more! + SUBSCRIBE

Industry News & Views

GTR ICC DIGITAL THUMBDigitalisation could add US$9tn to G7 trade by 2026, says ICC: Highlights from the ICC's latest report on the potential impact of digital trade efforts such as the recent G7 Framework for Collaboration on eTransferable Records (source: GTR). + READ MORE

PAPERLESS BENEFITS THUMBQuantifying the environmental benefits from paperless trade facilitation: UN report examines quantifying CO2 emissions savings through paperless trade facilitation, which it views can play a major impact in improving ESG performance (source: UNCTAD). + READ MORE

TF GAP THUMBGlobal Trade Finance Gap Widened to $1.7 Trillion: ADB’s latest Trade Finance Gap study reveals the gap grew to an all-time high of $1.7 trillion in 2020, a 15% increase from two years earlier, with SMEs hardest hit as trade finance dried up due to Covid (source: ADB). + READ MORE

G7 MINISTERS THUMBG7 Trade Ministers' Digital Trade Principles: The UK Government released a list of The Digital Trade Principles agreed by the G7 countries at the G7 Trade Talks on 22 October 2021, to which the countries have committed to adhering (source: + READ MORE

URDTTWhat is the URDTT and why is it so Important?: Analysis of the ICC’s recently-released Uniform Rules for Digital Trade Transactions (URDTT), the first ever rules for entirely digital transactions, now extending to corporates and nonbank financiers (source: TFG). + READ MORE

ANMSHSBC & Arcelor Mittal Nippon Steel India successfully execute blockchain enabled paperless trade transaction: Coverage of AM/NS India's recent integrated paperless LC & eDocs transaction, enabled by essDOCS alongside Contour (source: + READ MORE

PAPER JAMUnblocking the paper-jam in container shipping: Overcoming ongoing paper issues in container shipping, arguing that adopting APIs combined with digital trade standards will set the pathway for streamlining doc / data flows to unblock jams (source: Container News). + READ MORE

ECONOMIST EXPECTEconomists expect shipping problems to linger well into 2022: A selection of views on which shipping problems will persist, such as backups at big US ports, while acknowledging that companies are finding new ways to keep products moving (source: CNBC). + READ MORE

SUSTAINABLE TFICC proposes first set of global rules on sustainable trade finance: During the recent COP26 climate talks, the ICC proposed a new set of rules to define sustainability in the trade finance arena, a market worth some $5 trillion a year (source: Reuters). + READ MORE

TOY JOURNEYA toy’s journey through the supply chain crisis: from Chinese factory to UK child’s stocking: An interactive article detailing the supply chain crisis through the story of a toy made in China and exported from Shanghai to the UK (source: The Guardian). + READ MORE

APHISAPHIS will no longer accept unoriginal electronic phytosanitary certificates and forms after Dec. 31, 2021: USDA APHIS announced the end of temporary acceptance of copy Phytos, and a reversion to either paper original or ePhytos (source: The Packer). + READ MORE

PTV PHILIPPINESPhilippines shifts to live electronic exchange of Customs Declaration Document with ASEAN: The country is now exchanging the ASEAN Customs Declaration Document (ACDD) using the ASEAN Single Window (ASW) platform (source: PTV News)+ READ MORE

UK G7 ROADMAPUK G7 Presidency: Roadmap to reform for eTransferable records: As part of efforts to accelerate digital trade, the UK G7 Presidency released its Roadmap for reforming eTransferable records, such as enacting the UNCITRAL MLETR & more (source: + READ MORE

DECLARATION UNESCAPMinisterial declaration affirms concerted regional action to speed up transition towards sustainable transport & logistics systems: UNESCAP recently adopted a transport agenda to enable greener, smarter & more resilient ways to move goods (source: UNESCAP). + READ MORE

GTR ICC DSIICC targets digital trade legal reform in 100 countries with industry-wide board: Having recently launched a Legal Reform Advisory Board (LRAB) to support the efforts of the ICC Digital Standards Initiative (DSI) and accelerate digital trade (source: GTR). + READ MORE

WCFWorld Chambers Federation (WCF) announces new members of CO Accreditation Chain: New members added to the International Certificate of Origin (CO) Accreditation Chain include Chambers of Commerce from Brazil, Austria and Italy (source: essCert). + READ MORE

TFG YR 2021 REVIEW THUMB2021 – A year in review with Trade Finance Global: Key themes shaping trade finance in 2021, including volatile global trade volumes, the rise of FTAs, digital LCs, the collapse of Greensill Capital, legal reform and adoption of digital records & more (source: TFG). + READ MORE

essDOCS News

WEBINAR THUMB 2021 METALSWebinar Recording – Paperless Trade in Metals & Minerals: Roadmapping the Journey to Digital Trade & Trade Finance: Featuring insights from a panel of leading industry experts hailing from BHP, Bank of China and Shanghai Ouyeel (EFFITRADE). + READ MORE

TAKEAWAYS THUMB WCC12Takeaways from the 12th World Chambers Congress – Generation Next: Chambers 4.0: essDOCS Co-CEO Alex Goulandris' takeaways from the recent WCC in Dubai, highlighting the digital transition of Chambers of Commerce as they enter the Chambers 4.0 era. + READ MORE

essDOCS in Numbers

Paperless Insights Q4 2021 Metrics


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