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Trade Facilitation and the Global Economy

image of Trade Facilitation and the Global Economy

In a globalised world, where goods cross borders many times as intermediate and as final products, trade facilitation is essential to lowering overall trade costs and increasing economic welfare, in particular for developing and emerging economies. Facilitation efforts undertaken by various countries around the world also show that the benefits of such measures clearly compensate the costs and challenges posed by their implementation.

 

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Trade facilitation around the world: The state of play

This chapter provides an update, at the entry into force of the Trade Facilitation Agreement (TFA), of trade facilitation efforts worldwide, using the OECD Trade Facilitation Indicators (TFIs). The TFIs offer a snapshot of trade facilitation actions on the ground for over 160 countries, drawing on comparative data to shed light on emerging successes, opportunities, and challenges for countries worldwide.

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