Cross-border paperless trade

[geovalin]

Cambodia is looking to implement cross-border paperless trade once the country’s e-commerce law is fully adopted and implemented, the Commerce Ministry said.  During a workshop jointly organized by the ministry and the United Nations Economic and Social Commission for Asia-Pacific (UNESCAP), the ministry’s under-secretary of state Sok Sopheak said that implementing the framework for cross-border paperless trade will have long-term benefits for both Cambodia and the region.
 

“Cross-border transactions, at the moment, have to go through cumbersome procedures which places a heavy burden on exporters and importers. Therefore, in order to reduce this burden, the government has simplified customs and other border procedures for international trade and reduced transaction costs through the application of trade facilitation measures,” said Mr. Sopheak. “The framework agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific is initiated by UNESCAP. It will result in long-term benefits for the region by promoting cross-border paperless trade to make international trade more efficient and transparent while also improving regulatory compliance,” he added
 

According to Mr. Sopheak, the Commerce Minister has also begun engaging relevant stakeholders to ensure that the framework can be implemented soon after the e-commerce law comes into effect. “Pan Sorasak, Minister of Commerce, has expressed a strong commitment to implement the Trade Facilitation Agreement and has already requested technical assistance from various development partners to make sure Cambodia becomes compliant to the agreement,” he said.

 

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