BOC Collaborates with UN ESCAP on Electronic Trade Data Exchange Study
In its ongoing efforts to promote and advance the trade facilitation agenda among relevant stakeholders, the Bureau of Customs (BOC) National Trade Facilitation Champions recently partnered with the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) to explore electronic trade data exchange.
The collaboration falls under the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific (CPTA), a UN treaty that aims to expedite the implementation of digital trade facilitation measures for trade and development between ESCAP and the Philippine Bureau of Customs.
The insights provided by the BOC National Trade Facilitation Champions during the joint consultative session were valuable inputs for the feasibility study on the electronic exchange of trade-related data and documents in the Philippines.
The study delves into a comprehensive analysis of the technological capabilities, legal frameworks, and operational requirements necessary for the implementation of electronic trade data exchange.
Furthermore, it aims to identify potential challenges and risks and develop effective strategies to mitigate them.
In his message to ESCAP, Commissioner Bienvenido Rubio recognized the support of the United Nations ESCAP in implementing the Framework Agreement on the Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, as well as ongoing collaboration.
“On behalf of the Bureau of Customs, I convey our commitment to facilitating trade and ensuring the efficient and effective movement of goods across borders. We believe that the implementation of paperless trade will not only help us achieve these objectives but also enhance transparency and reduce expenses,” said Commissioner Rubio.#