During the COVID-19 crisis, trade is proceeding at a slower pace. The pandemic has spotlighted border agencies' challenge to safeguarding public health while avoiding disruptions to the free movement of goods. These agencies are undertaking unprecedented measures to speed up import, export and transit of goods, in many cases by extending their working times, suspending certification procedures or mitigating Customs investigations, foreign exchange inspections and origin verification, in order to avoid disruption of ongoing procedures. At the same time, they must cope with recent restrictive measures to trade whilst preserving trade flows and supply chains. On the other hand, traders must cope with the proliferation of export restrictions through new controls and license requirements, especially on medical devices. As a result, border posts are crowded, controls have multiplied, and truck queues are getting longer. A new paper from UNCTAD presents the main trade facilitation solutions, supported by country cases, that can address the challenges imposed by the COVID-19 pandemic.
Wednesday, March 03, 2021
