Paper free trade-Mexico 04/08  Trade facilitation Ireland is a private sector led public private partnership for Irish competitiveness

Ireland a digital trade economy mandates paper free trade  “IRELAND future success will be based on the electronic documents based on United Nations Electronic Documents standards.” Minister for Trade & SME October 2007

Ireland 1987 to 2007  IMF bankrupt th in competitiveness OECD  2007 UN Forum Dublin we advise we will be a paper free trade economy using UN Cefact solutions to ensure FDI, Cut Red Tape, grow exports and ensure competitiveness

The average international traditional paper transaction involves: -27 to 30 different parties -40 documents, -200 data elements -30 of which are repeated at least 30 times % of data re-keyed at least once ‘The United Nations Trade and Development Research’

One standards based single electronic document for information sharing among the trading partners Digital Trade means One standards based single electronic document for information sharing among the trading partners Importer Paper F Forwarder ClearView - UNeDocs Standards PDF Exporter Importers Bank XML Insurance Agent EDI

6  United nations Electronic Documents assist Irish importers and Exporters to meet US & EU requirements  US & EU trade is moving from trade data being supplied after goods arrive to before the goods are loaded and United Nations electronic documents assist to reduce costs, address risk mitigation and ensure green lane status  Tool for linking physical and financial supply chaib

Digital trade benefits for Irish Government and Trade Digital trade through UNCEFACT electronic documents, paper free trade and Single windows will cut Irish red tape and reduce costs according to the UN by up to 15% of cost of goods traded or 1% of an economies total trade volume and provides reduced costs of compliance and Faster processes, clearance and release  Reduction in bureaucratic processes  Better collection of government revenues  Improved trader compliance  Risk management techniques for control and enforcement purposes  Predictable application and explanation of rules  Quality data for spatial logistics

8  Ireland priority was to engage, educate and enable the SME to use paper free trade solutions.  EU provided $ 2.5 million to Irish company to market validate further with SME in Latvia, Slovenia, Greece, N Irl  April 2008 Ireland model extends to include EBGT on electronic funds.  May 2008 Ireland Australia partner

Ireland inc support electronic documents to preserve its competitive position in global trade where data must move faster than the goods.

Final thoughts  Our Buy Ship Actors have moved from dated to digital activities.  The United Nations Electronic Document solutions will move international trade requirements from dated to digital in September 2007  Quicker Faster Cheaper is good for Buy Ship Pay and SME International trade competitiveness