United Nation’s Economic and Social Commission for Asia Pacific’s (UNESCAP) has recently released the Global Survey on Digital and Sustainable Trade Facilitation-2021.
Score of India:
India has scored 90.32% in United Nation’s Economic and Social Commission for Asia Pacific’s latest Global Survey on Digital and Sustainable Trade Facilitation. The Survey hails this as a remarkable jump from 78.49% in 2019.
After evaluation of 143 economies, the 2021 Survey has highlighted India’s significant improvement in the scores on all 5 key indicators, as follows:
- 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 Paperless Trade: 66.67% in 2021 (from 55.56% in 2019)
Key Points:
» According to Survey, India is the best performing country when compared to South and South West Asia region (63.12%) and Asia Pacific region (65.85%).
» The overall score of India has also been found to be greater than many OECD countries including France, UK, Canada, Norway, Finland etc. and the overall score is greater than the average score of EU.
» India has achieved a 100% score for the Transparency index and 66% in the “Women in trade” component.
About the Survey:
The Global Survey on Digital and Sustainable Trade Facilitation is conducted every two years by UNESCAP (United Nations Economic and Social Commission for Asia and the Pacific).
The 2021 Survey includes an assessment of 58 trade facilitation measures covered by the WTO’s Trade Facilitation Agreement. A higher score for a country also helps businesses in their investment decisions.