Bhat Rayees
Recently India has scored 90.32% in United Nations Economic and social commission for Asia Pacific's(UNESCAP) Global survey on Digital and Sustainable Trade Facilitation.
.This is a remarkable jump from 78.49% in 2019. The survey is conducted every two years by UNSCAP. It includes an assessment of 58 trade facilitation measures covered by the world Trade Organisations Trade Facilitations Agreement. A higher score for a country helps businesses in their investment decisions. The UN Regional commissions jointly conducted the UN Global survey on Digital and Sustainable Trade Facilitation.
.The survey currently covers 143 economies around the globe.For the Asia Pacific,it is conducted by UNESCAP.
It pointed out India's improvement in the scores on all five key indicators:
. Transparency: 100% in 2021(from 93.33% in 2019)
. Formalities: 95.83% in 2021(from 87.5% in 2019)
.Institutional Arrangement and cooperation: 88.89% in 2021(from 66.67% in 2019).
. Paperless Trade: 96.3% in 2021( from 81.48% in 2019)
. Cross_ Border Peerless Trade:66.67% in 2021
(From 55.56% in 2019)
. Comparison with other countries:
.India is the best performing nation as compared to the south and south west Asia region ( 63. 12%) and the Asia Pacific region ( 65.85%).
.The overall score of India is also greater than many OECD(organisation for Economic Cooperation and Development) countries including France, UK, Canada,Norway, Finland etc. and the overall score is greater than the average score of the EU (European union).
. The CBIC ( Central board of indirect taxes and customs) has been at forefront of path _ breaking reforms under the umbrella of 'Turant' customs to usher in a faceless,paperless and contactless customs by way of a series of reforms.
. During the Covid-19 pandemic, customs formations worked to expedite imports such as oxygen_ related equipment, life _ saving medicines , vaccines etc.
United Nations Economic and Social Commission for Asia and the Pacific
.It is a regional development arm of the United Nations for the Asia _ Pacific region .
.It has 53 Member States and 9 Associate Members from Asia Pacific region.
. India is also a member.
United Nations Economic and social commission for Asia and the Pacific.
.it's Objective overcome some of the regions greatest challenge by providing results _ oriented projects, technical assistance and capacity building to member states.
United Nations Economic and social commission for Asai and the Pacific.
Govt teacher at GMS TEKIPORA LOLAB and can be reached at bhatraisahmad1106@gmail.com