Pakistan has become the 18th member of the Pan-Asian E-Commerce Alliance (PAA).
The Pan-Asian E-Commerce Alliance (PAA), a global organization of customs and trade service providers, has granted Pakistan Single Window (PSW), a national institution, the status of Associate Member. The PAA’s mission is to promote and provide secure, dependable, and value-added IT infrastructure and facilities for effective international trade and logistics services.
As a member of the alliance, PSW will have the chance to take part in several PAA-led initiatives for developing a safe and efficient network for exchanging trade regulatory documents. This network will allow traders, logistics companies, and governmental organizations to transmit and verify trading documents via a cross-border blockchain platform, cutting costs associated with trade and increasing trade efficiency.
The CEO of PSW, Syed Aftab Haider, stated in a statement announcing the membership, “We are excited about the global visibility to be gained from this affiliation and the possibility to engage in global B2B and B2G data exchange programs. The membership supports our goal of developing PSW into an international and national center of excellence and enables us to absorb best practices from around the world.
Pakistani MSMEs and SMEs stand to gain the most from such relationships on a global scale. The global e-commerce business, which is predicted to reach $6.3 trillion this year, is more accessible because of processes that are more uniform, transparent, and predictable. To help Pakistani firms benefit from international trade, PSW’s operations are still driven by the elimination of clearance bottlenecks while stepping up safety and security.
At TradeWindow, the top provider of customs and trade services in New Zealand, which hosted PAA’s 67th Steering Committee meeting in Auckland, the membership was disclosed. Pakistan Single Window joins a network of 17 single window providers from Asia, Oceania, Europe, the Middle East, and Africa as a member of the PAA. The forum frequently takes part in regional and global consultation meetings held by the World Customs Organisation, ASEAN, UNCEFACT, and other organizations.
By digitizing Pakistan’s cross-border trade and getting rid of paper-based manual processes, Pakistan Single Window is an effort spearheaded by Pakistan Customs to cut down on the time and expense of conducting business.
The organization is working to provide an integrated electronic platform that will enable parties engaged in international trade and transport to submit standardized data and documentation through a single entry point to satisfy all regulatory requirements for import, export, and transit.