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BOC supports quick transition to paperless trade

Published Jun 14, 2024 06:41 am

The Bureau of Customs (BOC) has expressed support for the acceleration of the implementation of paperless trade through an inclusive and capacity-building intergovernmental platform.

The BOC participated in the first Paperless Trade Week hosted by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) in Bangkok, Thailand,

This participation falls under the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific (CPTA), a UN treaty that aims to expedite the implementation of digital trade facilitation measures for trade.

It is designed to support countries in moving to less paper and then to paperless trade by providing an intergovernmental platform.

The week concluded with the third sessions of both the Standing Committee and Paperless Trade Council of the Framework Agreement on Facilitation of CPTA, participated by key officers from the country’s two major ports of entry—the Port of Manila and the Manila International Container Port to engage in discussions and sharing of pertinent issues and solutions for digitalizing international trade processes.

The Philippines, through the BOC, is one of the first five countries that have agreed to the Framework Agreement and has actively participated in activities related to its implementation. 

The country is set to publish the National Feasibility Study on Cross-border Electronic Exchange of Trade-related Data or Documents with support from the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) this month.

It will assess the feasibility of implementing electronic exchange of trade-related data and documents between the Philippines and potential partners in the Asia-Pacific region.

It also complies with the directives of both Standing Committee and the Paperless Trade Council of the Framework Agreement on Facilitation of CPTA.
 

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