South Korea Proposes Faster Customs to Boost Global Trade
South Korea has submitted a proposal aimed at optimizing global cargo release times and enhancing trade facilitation. The core elements include regularly publishing cargo release times, continuously reducing these times, providing special and differential treatment, and promptly notifying parties of any delays and their reasons. This initiative is expected to improve trade efficiency, enhance transparency, promote fair trade, and ultimately deliver tangible benefits to businesses. The proposal seeks to streamline processes and create a more predictable and efficient international trade environment.
