{"id":543390597169,"title":"Trade liberalization, foreign direct investment and customs modernization: a virtuous circle","handle":"trade-liberalization-foreign-direct-investment-and-customs-modernization-a-virtuous-circle","description":"\u003cp\u003e\u003cspan\u003eThe International Chamber of Commerce, the world business organisation, urges governments, and in particular trade and finance ministers, to recognise that modernisation of customs administrations – both of their own countries and of their trading partners – is an important catalyst to economic development.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eUnderstanding the competitive costs associated with tolerance of inefficient customs administration, trade and finance ministers should be strong internal advocates for customs improvement. Much can be done unilaterally and voluntarily to improve prospects for attracting foreign investment and increasing trade.\u003c\/p\u003e\n\u003cp\u003eAdditional gains are available from the synergies engendered by an across-the-board improvement in customs efficiency. Consequently, trade and finance ministers should support multilateral and regional initiatives to modernize customs administrations as well. These include \u003cstrong\u003eWorld Trade Organization (WTO)\u003c\/strong\u003e initiatives to simplify and improve trade procedures; the work of the \u003cstrong\u003eWorld Customs Organization (WCO)\u003c\/strong\u003e on revision of the \u003cstrong\u003eKyoto Convention on the Simplification and Harmonization of Customs Procedures\u003c\/strong\u003e; and regional efforts to simplify and harmonise customs procedures.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003ePlease be aware, that to download this free resource, you will be required to enter your contact details as if you were purchasing one of our paid publications. However, please note you \u003c\/span\u003e\u003cstrong\u003ewill not\u003c\/strong\u003e\u003cspan\u003e be charged for this item, and it will be made available immediately after you submit your details\u003c\/span\u003e\u003c\/p\u003e","published_at":"2018-03-14T15:03:08+00:00","created_at":"2018-03-14T15:06:01+00:00","vendor":"ICC","type":"Downloads","tags":["Trade Finance"],"price":0,"price_min":0,"price_max":0,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":7289548472369,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"","requires_shipping":false,"taxable":false,"featured_image":null,"available":true,"name":"Trade liberalization, foreign direct investment and customs modernization: a virtuous circle","public_title":null,"options":["Default Title"],"price":0,"weight":0,"compare_at_price":null,"inventory_management":null,"barcode":""}],"images":["\/\/cdn.shopify.com\/s\/files\/1\/2992\/1976\/products\/1212775516-2.jpg?v=1521039962"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/2992\/1976\/products\/1212775516-2.jpg?v=1521039962","options":["Title"],"content":"\u003cp\u003e\u003cspan\u003eThe International Chamber of Commerce, the world business organisation, urges governments, and in particular trade and finance ministers, to recognise that modernisation of customs administrations – both of their own countries and of their trading partners – is an important catalyst to economic development.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eUnderstanding the competitive costs associated with tolerance of inefficient customs administration, trade and finance ministers should be strong internal advocates for customs improvement. Much can be done unilaterally and voluntarily to improve prospects for attracting foreign investment and increasing trade.\u003c\/p\u003e\n\u003cp\u003eAdditional gains are available from the synergies engendered by an across-the-board improvement in customs efficiency. Consequently, trade and finance ministers should support multilateral and regional initiatives to modernize customs administrations as well. These include \u003cstrong\u003eWorld Trade Organization (WTO)\u003c\/strong\u003e initiatives to simplify and improve trade procedures; the work of the \u003cstrong\u003eWorld Customs Organization (WCO)\u003c\/strong\u003e on revision of the \u003cstrong\u003eKyoto Convention on the Simplification and Harmonization of Customs Procedures\u003c\/strong\u003e; and regional efforts to simplify and harmonise customs procedures.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003ePlease be aware, that to download this free resource, you will be required to enter your contact details as if you were purchasing one of our paid publications. However, please note you \u003c\/span\u003e\u003cstrong\u003ewill not\u003c\/strong\u003e\u003cspan\u003e be charged for this item, and it will be made available immediately after you submit your details\u003c\/span\u003e\u003c\/p\u003e"}

Trade liberalization, foreign direct investment and customs modernization: a virtuous circle

Description

The International Chamber of Commerce, the world business organisation, urges governments, and in particular trade and finance ministers, to recognise that modernisation of customs administrations – both of their own countries and of their trading partners – is an important catalyst to economic development.

Understanding the competitive costs associated with tolerance of inefficient customs administration, trade and finance ministers should be strong internal advocates for customs improvement. Much can be done unilaterally and voluntarily to improve prospects for attracting foreign investment and increasing trade.

Additional gains are available from the synergies engendered by an across-the-board improvement in customs efficiency. Consequently, trade and finance ministers should support multilateral and regional initiatives to modernize customs administrations as well. These include World Trade Organization (WTO) initiatives to simplify and improve trade procedures; the work of the World Customs Organization (WCO) on revision of the Kyoto Convention on the Simplification and Harmonization of Customs Procedures; and regional efforts to simplify and harmonise customs procedures.

Please be aware, that to download this free resource, you will be required to enter your contact details as if you were purchasing one of our paid publications. However, please note you will not be charged for this item, and it will be made available immediately after you submit your details

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