CSCEFACT stands for the Committee on Trade and Development, also known as the United Nations Centre for Trade Facilitation and Electronic Business. It is a subsidiary body of the Economic Commission for Europe (ECE), a regional branch of the United Nations that promotes economic cooperation and integration among its member countries.
CSCEFACT serves as a platform for government officials, business representatives, and experts to collaborate on the development and implementation of trade facilitation and electronic business standards and recommendations. The committee focuses on improving the efficiency and effectiveness of international trade processes through the use of modern technologies and standardization.
The main goals of CSCEFACT are to simplify and harmonize trade procedures, reduce trade costs, enhance supply chain security, promote the use of electronic documents and data exchange, and facilitate global trade. The committee fosters an inclusive and consensus-based approach, bringing together different stakeholders from both developed and developing countries to ensure a balanced representation of interests.
Through its working groups and projects, CSCEFACT addresses various aspects of trade facilitation and electronic business, such as customs procedures, transport and logistics, electronic invoicing, trade finance, and data exchange standards. The committee also provides technical assistance and capacity-building activities to help countries implement trade facilitation measures and adopt electronic business solutions.
CSCEFACT plays a crucial role in promoting international trade growth, ensuring transparency and predictability in trade transactions, and fostering economic development and cooperation among countries worldwide.
