Trade Compliance

GHY discusses changes to international trade regulations and explores cutting-edge compliance strategies.

Survey Reveals Practical Barriers for Businesses Trading Across Borders

Posted March 04, 2014

A recently released International Chamber of Commerce (ICC) survey highlights common impediments to cross border trade that can be taken into consideration by governments and policymakers worldwide when determining what can be done to facilitate the flow of goods across borders thereby contributing to global economic growth.

While recognizing that the survey results are neither statistically valid nor entirely representative of the hundreds of thousands of organizations that trade globally, the survey does much to reveal a set of common prerequisites – such as predictability, reliability and consistency – that international traders seek.

With 88% of respondents involved in import and export or trade in services (including freight forwarding, transportation and third party logistics), the survey reveals a need for greater capacity building, in particular through education and making information more easily available, to ensure that both traders and border control officials follow proper international trading procedures. The survey results also serve to illustrate the need for an effective customs-business dialogue at national level to find ways to lessen delays in trade processes and shorten release times, as called for by ICC.

An initiative of Anthony Barone, Chair of the ICC Commission on Customs and Trade Facilitation, the survey coincides with a number of international developments seeking to facilitate trade and simplify border procedures. These include the conclusion of a multilateral agreement on trade facilitation at the 9th Ministerial Conference of the World Trade Organization in December 2013, and the ongoing negotiations of the Trans-Pacific Partnership Agreement, the Trans-Atlantic Trade and Investment Partnership and the Regional Comprehensive Partnership Negotiations.

ICC hopes that the survey results will provide useful insights into grassroots border barriers and impediments, as identified by economic operators.

Click here to download the ICC Analysis of Survey on Trade Barriers.