Dataset

1. Browse
2. World Bank Indicators
3. Trading across borders: Cost to import: Border compliance (USD) (DB16-20 methodology)

Trading across borders: Cost to import: Border compliance (USD) (DB16-20 methodology)

The cost for border compliance to import records the cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the import shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. It is calculated in US dollars. The cost for this segment include the cost for customs clearance and inspection procedures conducted by other agencies. For example, the cost for conducting a technical standard inspection would be included here. Informal payments for which no receipt is issued are excluded from the costs recorded. The component indicator is computed based on the methodology in the DB16-20 studies.