The UN has established an international agreement on negotiable cargo documents.
by Web Administrator
Dec 18, 2025 02:30
The United Nations General Assembly has adopted a significant treaty, the United Nations Convention on Negotiable Cargo Documents, which transforms global trade by allowing a single negotiable document for goods transported by any mode—road, rail, air, or sea. This treaty simplifies documentation, reduces costs and delays, and enhances access to trade finance, particularly for small businesses. It supports digital trade by recognizing electronic documents and aims to streamline customs processes. The framework is expected to benefit various stakeholders and promote sustainable economic growth, especially in developing regions.