Geneva, 21 September 2022 (TDI): The United Nations Conference on Trade and Development (UNCTAD), the Global Alliance for Trade Facilitation, and the World Trade Organization (WTO) organized the event, Trade Facilitation Innovation Days from 20 to 21 September 2022.

It brought together a diverse group of trade facilitation experts, governments, logistics providers, industrial leaders, entrepreneurs, software developers, and academics, on a single platform.

Agenda of the Trade Facilitation

This online event presented an unprecedented opportunity to explore ways of tackling identified barriers to trade and applying technological fixes. Trade innovation is shaping every aspect of our lives, driving change in every society, sector, industry, and link of global supply chains.

In addition, the event targeted trade facilitation challenges. It also collaborated through workshops, knowledge exchanges, and networking opportunities to accelerate the implementation of innovative solutions.

Two days of Trade Facilitation Innovation focused on sessions that brought together applied actors to co-create and collaborate. It broke silos between organizations, fields, and knowledge and also enabled (informal) networking opportunities.

Also read: UNCTAD promotes export diversification in Africa

Moreover, it provided practical insights on pressing challenges posed by different actors in the field of trade facilitation and also shaped a forward-thinking community. The event unleashed novel ideas and solutions and gave a voice to minority stakeholders.

Trade that is simple, fast, and cost-effective can enable businesses of all sizes to access the markets they need to grow. It drives inclusive economic growth by creating jobs and investment opportunities everywhere.

It is the need of the hour to work together in finding solutions to trade barriers, for the benefit of companies, consumers, and countries.

Moreover, the hybrid event brought together a broad range of people with various expertise to put their minds together towards the common goal of making commerce easier and less costly.