APAC could "save $670bn by fully adopting paperless trade"
16 April 2018

Up to $673 billion can be saved annually in the Asia Pacific region if the World Trade Organization's Trade Facilitation Agreement and digital and paperless trade measures are fully implemented, according to the Digital Trade Facilitation in Asia and the Pacific report. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) estimates that the region could raise GDP by more than 3.8% by boosting digital trade facilitation and paperless trade measures to China's level. Mia Mikic, director of the Trade, Investment, and Innovation Division at ESCAP, said Thailand, by investing $31 million in paperless transactions, saved about $1.5 billion.

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