Global Survey of 143 economies on Digital Trade Facilitation: Big ACHIEVEMENT! India scores 100 % on transparency INDICATOR
According to the United Nation’s Economic and Social Commission for Asia Pacific's (UNESCAP) latest Global Survey on Digital and Sustainable Trade Facilitation India has scored 90.32 percent compared to the 78.49 percent in 2019. India has achieved a 100% score for the Transparency index and 66% in the “Women in trade” component.
India has scored 90.32 percent in United Nation’s Economic and Social Commission for Asia Pacific's (UNESCAP) latest Global Survey on Digital and Sustainable Trade Facilitation. The Survey hails this as a remarkable jump from 78.49 percent in 2019, the Ministry of Finance said in a statement.
After evaluation of 143 economies, the 2021 Survey has highlighted India's significant improvement in the scores on all 5 key indicators, as follows:
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Transparency: 100% in 2021 (from 93.33% in 2019)
Formalities: 95.83% in 2021 (from 87.5% in 2019)
Institutional Arrangement and Cooperation: 88.89% in 2021 (from 66.67% in 2019)
Paperless Trade: 96.3% in 2021 (from 81.48% in 2019)
Cross-Border Paperless Trade: 66.67% in 2021 (from 55.56% in 2019)
The Survey noted that India is the best performing country when compared to South and South West Asia region (63.12%) and Asia Pacific region (65.85%). The overall score of India has also been found to be greater than many OECD countries including France, UK, Canada, Norway, Finland etc. and the overall score is greater than the average score of EU.
India has achieved a 100% score for the Transparency index and 66% in the “Women in trade” component.
About the Survey:
The Global Survey on Digital and Sustainable Trade Facilitation is conducted every two years by UNESCAP. The 2021 Survey includes an assessment of 58 trade facilitation measures covered by the WTO’s Trade Facilitation Agreement.
The Survey is keenly awaited globally as it evidences whether or not the trade facilitation measures being taken have the desired impact and helps draw comparison amongst countries. A higher score for a country also helps businesses in their investment decisions.
The survey result can be accessed at (https://www.untfsurvey.org/economy?id=IND).
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