India has scored 90.32% in United Nation’s Economic and Social Commission for Asia Pacific’s (UNESCAP) 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)
The survey notes that India is the best performing country when compared to the South and South West Asia region (63.12%) and the Asia Pacific region (65.85%). The overall score of India has also been found to be greater than many OECD countries including France, the UK, Canada, Norway, Finland, etc., and the overall score is greater than the average score of EU. India has achieved a 100% score in the Transparency Index and 66% in the “Women in Trade” component.
CBIC has been at the forefront of path-breaking reforms under the umbrella of ‘Turant’ Customs to usher in a Faceless, Paperless and Contactless Customs. This has had a direct impact on India’s rankings.
Further, during the pandemic, Customs formations have made all efforts to expedite Covid-related imports such as oxygen equipment, life-saving medicines, vaccines, etc. A dedicated, single-window Covid-19 24×7 helpdesk for the ex-im trade was created on the CBIC website to facilitate quick resolution of issues faced by importers, said a release.
SOURCE: eximin.net
