The UK is pausing the development of the #SingleTradeWindow, a digital border service that would have streamlined data relating to cross-border trade.
James Murray, the Exchequer Secretary to the Treasury, made a written statement to the House today (5 November) to confirm that the delivery of the new system will be paused in 2025 and 2026.
Single Trade Windows (STW) is the leading border modernization tool around the world and there are many successful examples. It is important to note that the experience from best practice examples is that the most important elements to do business process re-engineering (BPR) creating integrated and coordinated border management of trade flows. It is not about technology per say, but a client driven trade facilitation vhange management effort.
The decision this week means that it will be even more important for UK to speed up the work woth Digital Trade Corridors.
For lämore information: GOV UK
Today the UK Trade Facilitation Commission under leadership of Lord Theodore Agnew of Oulton presented our first report ’Ensuring Economic Growth – Policy and Practicality in Partnership’ at a ceremony in the Palace of Westminister, House of Lords, London.
In our report we present a range of concrete proposals to boost UK trade, growth and prosperity through trade facilitation. Using an acknowldged economic growth model we believe that our proposals will create a significant increased growth and propserity increasing the UK economy by £3,500 per household.
I am proud to serve as Commissioner with an outstanding group of experts, gathered by Lord Agnew, representing the highest level of knowledge in the field and representing hundreds of years of experience.
It is an honor to contribute to support the the United Kingdoms ambitions as a global trading nation driving internationalbtrade and business.
This report is our proposal for a new way forward for United Kingdom towards intelligent digital trade corridors and trusted value chains – supported by UK Smart Trade and Smart Borders.
Latest edition of WCO News is now available at mag.wcoomd.org
In this issue: In this issue:
✅ fighting illicit trade,
✅ digitizing procedures,
✅ leveraging artificial intelligence,
✅ measuring cross-border e-commerce,
✅ reforming post-clearance audit processes
and much more…
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