National Trade Platform

Improving efficiency, transparency and interoperability 

 

A National Trade Platform is designed as a single Window, that according to the UNECE is “ a facility that allows parties involved in trade and transport to lodge standardized information and documents with a single entry point to fulfill all import, export, and transit-related regulatory requirements.” “If information is electronic, then individual data elements should only be submitted once”.

The UN Trade Facilitation Implementation Guide encourages all member states to set up a Single Window. The aim is to reduce the burden of administrative processes by enabling importers/exporters to submit regulatory and commercial documents to respective government ministries and agencies electronically, with each data element submitted only once.

There are multiple potential benefits of a Single Window environment:

 

Flagship Single Window initiatives Include the National Trade Platform for Singapore – a one-stop, next-generation platform connecting the trade and logistics community and adjacent sectors such as trade finance. Businesses and service providers can tap into this open innovation platform to develop new applications to support evolving business needs.

It is estimated that the Singapore National Trade Platform could potentially bring up to S$600 million worth of man-hour savings annually to its economy.

However, whilst Single Windows have delivered significant gains over time, they have yet to be fully implemented in many countries. Barriers include the lack of interoperability among agencies in the supply chain, the ongoing use of outdated processes and the limited visibility and traceability of shipped goods.

 

With the development of new technologies such as the Internet of Things and Artificial Intelligence, new opportunities are emerging to improve efficiency, transparency and interoperability in trade systems. Emerging technologies such as blockchain offer significant potential to increase the adoption of trade Single windows. Lessons can be learnt from blockchain pilots currently taking place around the world.

Maritime Street is at the forefront of new technological developments affecting global trade logistics. Through our global strategic advisory services, we are perfectly positioned to advise governments and businesses on how to maximise the effectiveness of emerging technologies and implement National Trade Platforms. 

Sign up for the latest updates

Stay connected for the latest news updates, articles and white papers for the global trade logistics industry.

Subscribe

* indicates required
Email Format
Please select all the ways you would like to hear from Maritime Street:
You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.
We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Dubai Trade launches single window #trade platform - #ports #shipping #Dubai #supplychain #logistics #economy #maritime #maritimestreet @TradeChain @PortTechnology https://buff.ly/3kzZM1g

#data is the new gold. This is how it can benefit everyone – while harming no one - #business #economy #trade #Digital #technology #digitalization #supplychain #logisitics #maritimestreet @wef https://buff.ly/2BEpaB6

Why #trade facilitation reform requires mainstreaming #Digital #technologies - #digitalization #Digital #economy #business #supplychain #logistics #maritimestreet @LSEpoliticsblog https://buff.ly/3hMvbva

Maritime Street welcomed the @IMOHQ Secretary General statement on #Digital #Connectivity and #data #standards @maritime_street continues to work with partners to progress #digitalization in the #maritime #shipping and #Ports sectors - #maritimestreet https://buff.ly/39RR3CD

Last bi-weekly WPSP Barometer confirms overall improvements in hinterland #transport capacity utilization and #port worker availability - #ports #maritime #shipping #trade #Cargo #COVID19 #SupplyChain #logistics #containers @WPSP_IAPH #maritimestreet https://buff.ly/3hSD3vd

Load More...