News Content
Greater air cargo connectivity through digital platforms boosts trade growth
A CLEAR link has been established between air cargo connectivity and trade growth, indicating that a one per cent rise in air cargo connectivity equates to a 6.3 per cent increase in trade, according to a study by Developing Trade Consultants commissioned by IATA.
The research has also developed measures of key quality parameters of Customs services through two indexes: the Air Trade Facilitation Index (ATFI) and the eFreight Facilitation Index (EFFI). Countries that performed better on these indexes were identified as being more integrated into global value chains (GVCs), reported London's Air Cargo News citing the findings of the study.
In order to accelerate interconnectivity, the study recommended several policy level and implementation interventions to better position countries for participation in GVCs. These include ratification and implementation of the 1999 Montreal Convention, the Bali Trade Facilitation Agreement of the World Trade Organization (WTO) and the revised Kyoto Convention.
The study also suggests key practical air cargo specific interventions, including the facilitation of electronic processing through electronic air waybills and e-freight. Other measures are implementation of "single window" processing, and coordinated border agency procedures to reduce duplicative controls.
It also called for the implementation of risk management controls at borders and the deployment of processes to approve the release of shipments in advance of their actual arrival.
Brian Pearce, chief economist at IATA, said: "As a share of global output, trade is now at about three times the level it was in the early 1950s. In 2015, airlines transported 52.2 million metric tonnes of goods valued at US$5.6 trillion."
The research has also developed measures of key quality parameters of Customs services through two indexes: the Air Trade Facilitation Index (ATFI) and the eFreight Facilitation Index (EFFI). Countries that performed better on these indexes were identified as being more integrated into global value chains (GVCs), reported London's Air Cargo News citing the findings of the study.
In order to accelerate interconnectivity, the study recommended several policy level and implementation interventions to better position countries for participation in GVCs. These include ratification and implementation of the 1999 Montreal Convention, the Bali Trade Facilitation Agreement of the World Trade Organization (WTO) and the revised Kyoto Convention.
The study also suggests key practical air cargo specific interventions, including the facilitation of electronic processing through electronic air waybills and e-freight. Other measures are implementation of "single window" processing, and coordinated border agency procedures to reduce duplicative controls.
It also called for the implementation of risk management controls at borders and the deployment of processes to approve the release of shipments in advance of their actual arrival.
Brian Pearce, chief economist at IATA, said: "As a share of global output, trade is now at about three times the level it was in the early 1950s. In 2015, airlines transported 52.2 million metric tonnes of goods valued at US$5.6 trillion."
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