New Research Report Highlights Trade Facilitation Costs amid Regional Uncertainties

Jan 2025; Ghulam Samad, CAREC Institute

The CAREC Institute has released a significant research report titled “Trade Facilitation Cost of Regional Uncertainties,” authored by Dr. Ghulam Samad, which explores the impact of regional uncertainties, such as geopolitical tensions and economic fluctuations, on trade facilitation costs. The report specifically examines the challenges in the Trans-Caspian Corridor and underscores the need for innovative solutions to mitigate these issues.

The study highlights that regional uncertainties lead to increased trade facilitation costs and recommends a multi-faceted approach to address these challenges. Key recommendations include the adoption of digital technologies to streamline customs processes, enhanced regional cooperation to establish unified trade standards, and capacity-building initiatives to equip stakeholders with the necessary skills for new technologies and processes.

Dr. Ghulam Samad emphasizes that implementing these recommendations is crucial for fostering economic growth and stability. The CAREC Institute encourages policymakers, industry stakeholders, and researchers to engage with the report’s findings and recommendations to improve trade facilitation and enhance resilience against future uncertainties.

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