ICC BANKING COMMISSION JAKARTA 2017: Day 2(Thurs 6 April) 14.00 Paperless trade
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Paperless trade
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Transcript of ICC BANKING COMMISSION JAKARTA 2017: Day 2(Thurs 6 April) 14.00 Paperless trade
Paperless trade
• Paperless trade worth between 20-50% in incremental GDP growth over next 20 years for emerging markets according to WTO
• Lots of progress over past 2 decades with many elements of trade being digitised • New enabling technologies leading to faster digitization such as DLT, cloud, API’s • Connecting digital platforms remains a challenge across issues such as legal,
liability, technology and information security -> no standard • Future for digital trade positive as governments increasingly focus on trade
facilitation and corporates on cost reduction to remain competitive
Paperless trade key messages