ESCWA Publication: E/ESCWA/CL3.SEP/2024/TP.3
Country: Arab region, Global, People’s Democratic Republic of Algeria, Arab Republic of Egypt, Lebanese Republic, Kingdom of Saudi Arabia, Republic of Tunisia, United Arab Emirates
Publication Type: Information material
Cluster: Shared Economic Prosperity
Focus Area: Financing for development, Natural resource sustainability, Technology & innovation, Trade & regional connectivity
Initiatives: Digital Development , Technology Centre, Digital Arabic Content, Blockchain for international trade
SDGs: Goal 8: Decent Work and Economic Growth, Goal 9: Industry, Innovation and Infrastructure
Keywords: Algeria, Arab countries, Bahrain, Customs formalities, Databases, Egypt, Electronic commerce, Electronic contracting, France, International trade, Intraregional trade, Laws and regulations, Lebanon, Logistics, Recommendations, Saudi arabia, Singapore, Sustainable development, Switzerland, Trade facilitation, Tunisia, United arab emirates
Using blockchain technology to facilitate trade in the Arab region: July 2024
December 2024
The present report explores ways to use blockchain technology to facilitate trade in the Arab region, building on several successful projects that rely on this technology to facilitate international trade. The report sets out comprehensive proposals and solutions for using blockchain technology to facilitate intraregional trade, such as improving customs clearance and strengthening supply chains. It discusses how this technology can help unify certificates of origin between participating countries.
The report demonstrates the enormous potential of blockchain to improve international trade and enhance transparency and security, as its adoption does not require a complete overhaul of the legislative and regulatory environment, but rather can be built upon existing legislation. It concludes by calling for the development of phased projects and exploring the technology more closely to achieve its full benefits.
Related content
Financing for development
, Natural resource sustainability
, Technology & innovation
, Trade & regional connectivity
,
The present report explores ways to use blockchain technology to facilitate trade in the Arab region, building on several successful projects that rely on this technology to facilitate international trade. The report sets out comprehensive proposals and solutions for using blockchain technology to facilitate intraregional trade, such as improving customs clearance and strengthening supply chains. It discusses how this technology can help unify certificates of origin between participating countries.
The report demonstrates the enormous potential of blockchain to improve international trade and enhance transparency and security, as its adoption does not require a complete overhaul of the legislative and regulatory environment, but rather can be built upon existing legislation. It concludes by calling for the development of phased projects and exploring the technology more closely to achieve its full benefits.
