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Home   /   COVID-19   /   G7 - Creating Modern Digital Trade Ecosystem

G7 - Creating Modern Digital Trade Ecosystem

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This report was commissioned by ICC United Kingdom in partnership with ICC France and Germany and the ICC Digital Standards Initiative to set out the economic case for harmonising legal frameworks and provide analysis on the preparedness of the UK market in relation to use of digital identification.

Digitalisation will reduce bureaucracy by:

» reducing time spent on cross-border trade by around 81% across the G7

» cutting the number of days associated with border compliance from an average of 25 days to less than one day

» reducing average compliance times from 2.3 days to less than half a day.

Find out more by downloading the report below.

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