Project Title

A path to paperless trade: Analysing the legal gaps and economic benefit of adopting or maintaining a legal framework that takes into account the UNCITRAL Model Law on Electronic Transferable Records 

Project Year

2024   

Project Number

CTI_02_2024S 

Project Session

   

Project Type

Self-Funded 

Project Status

Project in Implementation   
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Project No.

CTI_02_2024S 

Project Title

A path to paperless trade: Analysing the legal gaps and economic benefit of adopting or maintaining a legal framework that takes into account the UNCITRAL Model Law on Electronic Transferable Records 

Project Status

Project in Implementation 

Fund Account

Self-Funded 

Project Year

2024 

Sponsoring Forum

Committee on Trade and Investment (CTI) 

Topics

Trade Facilitation 

Committee

Committee on Trade and Investment (CTI) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

Australia 

Co-Sponsoring Economies

China; Hong Kong, China; New Zealand; Philippines; Singapore; Thailand; United States 

Expected Start Date

01/03/2024 

Expected Completion Date

31/12/2024 

Project Proponent Name 1

Stuart Hogan 

Job Title 1

Policy Officer 

Organization 1

Department of Foreign Affairs and Trade 

Postal Address 1

Not Applicable 

Telephone 1

+61 2 6178 4134 

Fax 1

Not Applicable 

Email 1

Stuart.Hogan@dfat.gov.au 

Project Proponent Name 2

Not Applicable 

Job Title 2

Not Applicable 

Organization 2

Not Applicable 

Postal Address 2

Not Applicable 

Telephone 2

Not Applicable 

Fax 2

Not Applicable 

Email 2

Not Applicable 

Declaration

Stuart Hogan 

Project Cost (US$)

$230,000.00 

Project Summary

Moving collectively to paperless trade represents a substantial economic opportunity for the APEC region. Differences in the legal recognition of electronic documents among APEC economies are among the biggest barriers to wider use of electronic trade documentation. The UNCITRAL Model Law on Electronic Transferable Records (‘MLETR’) is a key enabler for paperless trade because it provides a basis for the recognition of the electronic equivalents of paper-based transferable documents. Adoption or maintenance of a legal framework that takes into account the model law by APEC economies would pave the way for coordinated use of electronic transferable documents among economies. This will help create legal certainty and commercial predictability for business. This project will scope and identify the legal gaps between existing domestic regulations among APEC economies and the requisite legal foundation to adopt or maintain a legal framework that takes into account the UNCITRAL MLETR, and what options or live use cases the APEC economies can reference to meet the high standards of the model law. Secondly, the project will also conduct an economic analysis of adopting the model law, which will examine the benefits for APEC economies. The findings of this project will be used to inform a workshop during Peru’s host year, which will discuss next steps for greater cooperation in APEC in moving towards paperless trade. 

Are there any supporting document attached?

Yes 
Attachments
Version: 4.0 
Created at 13/03/2024 10:14  by Lucy Phua 
Last modified at 07/06/2024 11:22  by Lucy Phua 
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Project No.

Project Title

Project Status

Fund Account

Project Year

Sponsoring Forum

Topics

Committee

Other Fora Involved

Other Non-APEC Stakeholders Involved

Proposing Economy(ies)

Co-Sponsoring Economies

Expected Start Date

Expected Completion Date

Project Proponent Name 1

Job Title 1

Organization 1

Postal Address 1

Telephone 1

Fax 1

Email 1

Project Proponent Name 2

Job Title 2

Organization 2

Postal Address 2

Telephone 2

Fax 2

Email 2

Declaration

Project Cost (US$)

Project Summary

Are there any supporting document attached?

hdFldAdmin

Project Number

Sub-fund

Previous Fora

Secretariat Comments

Endorsement By Fora

PD Sign Off

Monitoring Report Received

Completion Report Received

PMU Field 1

PMU Field 2

PMU Field 3

On Behalf Of

Proposal Status

Originating Sub-Forum

Approval Status
Attachments
Content Type: Self-Funded Proposal
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