Major global agreement comes into force making trade cheaper, easier and faster

February 22, 2017

Waiting times at customs points for trucks bringing goods into the East African nation of Rwanda dropped from an astonishing 11 days in 2010 to 34 hours in 2014 thanks to an automated "single window" system. The benefits to Rwanda's economy from such streamlining are clear - an estimated 27,060 trucks entered Rwanda with imports in 2014 and, with running costs of $225 a day per truck, importers and consumers saved $6 million in that year alone.

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Topics: WORLD TRADE ORGANIZATION (WTO) TRADE FACILITATION NON-TARIFF BARRIERS

Authors: UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT (UNCTAD)

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