India rises in digital and sustainable trade facilitation rankings, scores 100% on transparency: Fin Min
New Delhi: India’s score has jumped to 93.55% in 2023 from 90.32% in 2021 in the United Nation’s Economic and Social Commission for Asia Pacific’s (UNESCAP) latest global survey on digital and sustainable trade facilitation. “The 2023 survey, covering more than 140 economies and evaluating 60 trade facilitation measures, has positioned India at the forefront of global trade facilitation efforts, with an impressive score of 93.55% in 2023 vis a vis 90.32% in 2021," the ministry of finance said in a statement.
India’s exceptional performance was highlighted in various sub-indicators, with perfect scores of 100% achieved in key areas such as transparency, formalities, institutional arrangement and cooperation, and paperless trade. This outstanding recognition reflects India’s continuous efforts to streamline trade procedures and improve transparency through initiatives such as turant customs, single window interface for facilitation of trade (SWIFT), pre-arrival data processing, e-Sanchit, and coordinated border management.
Furthermore, India demonstrated its dedication to gender inclusivity and empowerment by significantly increasing its score in the “Women in Trade Facilitation" component from 66.7% in 2021 to an impressive 77.8% in 2023. India is now the best performing country amongst all the countries of South Asia region.
The overall score of India has been greater than many developed countries including Canada, France, UK, Germany etc. “The Survey notes that India is the best performing country when compared to South and South West Asia region (64.30%) and Asia Pacific region (66.76%)," it said.
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