NEW YORK (IDN) – An exceptional global treaty that will cut trade time and costs in the Asia-Pacific region opened for signature on October 1, 2016 at the United Nations Headquarters in New York.
Known as the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, it will remain open for signature until September 30. The treaty will result in “long-term benefits for the region by promoting cross-border paperless trade to make international trade more efficient and transparent, while improving regulatory compliance”.