Exchanging goods and services across international borders. Technological progress in commerce facilitation.
International trade has hugely benefitted from digital progress and the integration of numerous computerized interfaces, as well as constant innovation. To promote international commerce through the adoption of digital technologies, the year of 2016 has been proclaimed by The World Customs Organization (WCO) as the “Year of Digital Customs”.
To encourage the unrestricted flow of information and to improve transparency while advancing the effectiveness of regular trade methods, the WCO has laid a special emphasis on the coordination of customs activities. This includes automated clearing methods and the improvement of computerized data transfers.
Managing cross-border business indicator set measures of technological progress in the field of commerce facilitation by gathering data on the time and expense of customs clearing and inspection methods.
The indicators accumulate data on the performance and improvement of individual windows throughout the world that is next distributed to all the appropriate administrative authorities, hence constantly adjusting controls in all the places where trade processes. The latest information on Single Windows capture the various levels of their integration and digitalization.