Logo of Phnom Penh Post newspaper Phnom Penh Post - Asian nations sign deal for paper-free trade

Asian nations sign deal for paper-free trade

Asian nations sign deal for paper-free trade

Cambodia, China and Bangladesh signed a framework agreement on the facilitation of cross-border paperless trade yesterday under a new United Nations-backed treaty that aims to strengthen digital trade in the region, according to a press release.

The treaty is an initiative of the Economic and Social Commission for Asia and the Pacific (ESCAP), a UN regional development arm that comprises 53 member states across Asia and the Pacific, as well as including the UK, US and France.

The UN estimates that export gains in the region could increase by $250 billion annually if the treaty is fully implemented, and $36 billion if only partially implemented.

The treaty is open to be signed until the end of September and will enter into force 90 days after it has been ratified by five countries.

MOST VIEWED

  • All inbound flights set to face added scrutiny

    Ministry of Health spokesperson Or Vandine said on Monday that the ministry is monitoring all inbound flights, after it was announced that only those from Malaysia and Indonesia will be temporarily cancelled from August 1. Vandine said on Monday that the two countries were identified as

  • Flights from Indonesia, Malaysia cancelled

    A Ministry of Health official has warned of the possibility of Covid-19 spreading through community transmission after the total infected cases in the Kingdom rose to 225. Ministry spokeswoman Or Vandine told reporters on Saturday that the possibility of community transmission cannot be overlooked and that

  • Man in quarantine dies of ‘overdose’

    The Ministry of Health on Thursday said a Cambodian migrant worker who died while being isolated at a quarantine centre in Tbong Khmum province’s Kroch Chhmar district may have died from syncope or overdose of tablets. In a statement, the ministry said the 21-year-old