Facilitating cross border trade in the Greater Mekong Subregion (GMS) is essential to ensure the transformation of existing transport corridors into economic corridors. The GMS Economic Cooperation Program Strategic Framework 2012-2022 (GMS Strategic Framework) has prioritized the development of the major GMS transport corridors into economic corridors, and emphasizes that improvements in transport and trade facilitation are essential to the transformation process. GMS Customs administrations are responsible for the clearance of goods at border crossings and play a critical role in trade facilitation. Currently, there are efforts focused on modernizing, streamlining and harmonizing complex customs and other trade-related procedures and documentation requirements which, taken together, impose significant transaction costs on the private sector involved in cross border trade.
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