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Netherlands and New Zealand lead world in trade digitalization, says UNCTAD

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The Netherlands and New Zealand lead in overall trade digitalization with implementation rates of 96 percent each, according to the Trade Digitalization Index, a new measure derived from the Global Trade Survey. United Nations on Digital and Sustainable Trade Facilitation (UNTF Survey).

This is followed by Australia, Belgium, South Korea and Singapore, with implementation rates of 93 percent.

The Netherlands and New Zealand lead in trade digitalization with implementation rates of 96% each, according to a UN survey. Australia, Belgium, South Korea and Singapore follow with 93 percent. India tops the list in South Asia with 87 percent. Brazil and Peru lead Latin America and the Caribbean with 91 percent. Saudi Arabia leads the MENA region with 91 percent.

Brazil and Peru lead Latin America and the Caribbean with 91 percent. Saudi Arabia leads the Middle East and North Africa (MENA) with 91 percent. The average implementation rate in the MENA region is 58 percent.

In Southern and Eastern Europe, the Caucasus and Central Asia, Uzbekistan leads with 89 percent, followed by Azerbaijan and Turkey with 80 percent.

India has the highest implementation rate in South Asia at 87 percent.

Advanced economies generally outperform developing economies in trade digitalization, reflecting the need for high levels of cooperation for full implementation, says a statement from the United Nations Conference on Trade and Development (UNCTAD). ).

The practical aspects of implementing paperless cross-border trade highlight the need for collaborative efforts beyond individual countries, building on existing international standards and testing different mechanisms and solutions, the statement said.

Coordinating practices across multiple countries requires a pragmatic approach supported by strong political commitments, emphasizing the importance of intergovernmental agreements at bilateral, regional and multilateral levels to ensure that progress and collaboration can be sustainable over time, adds -he.

Fibre2Fashion press office (DS)




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