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International Trade & Logistics Terminology

Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.

Paperless Trade

Paperless Trade uses electronic documents, digital signatures, and blockchain technologies to enable the online flow of customs declarations, bills of lading, invoices, and origin documents. This has the advantages of shortening processing times, reducing costs, and improving anti-counterfeiting capabilities. Paperless trade requires interoperability between government and business systems, and promoting cross-border single windows (SWs) and data standardization are key.

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