Seizing the moment: Unleashing the potential of trade digitalisation

ICC United Kingdom and the Centre for Digital Trade and Innovation have launched a major report – Seizing the moment: Unleashing the potential of trade digitalisation – which for the first time sets out the tangible benefits of the Electronic Trade Documents Act and the opportunities this offers international trading companies.

The report is aimed at key decision-makers in corporate finance and strategy teams within companies, and policymakers within governments. It highlights how the change in law now enables transactions to happen in minutes, not weeks and months, allowing companies to handle finance with much more agility. Evidence shows that this can result in a 100% increase in trade flow, 15% increase in profitability and an 18% reduction in shipping costs.

A total of 16 case studies are included in this report, covering UK imports and exports, digital transactions across other jurisdictions, delivering a paperless trade ecosystem, and innovations in trade finance.

The full list of case studies in the report can be found here