Dataset

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2. World Bank Indicators
3. Time to import (days) (DB06-15 methodology)

Time to import (days) (DB06-15 methodology)

The time to import records the time associated with importing a standardized cargo of goods by sea transport through 4 predefined stages: document preparation; customs clearance and inspections; inland transport and handling; and port and terminal handling. It is calulcated in calendar days. The time calculation for each of the 4 predefined stages starts from the moment the stage is initiated and runs until it is completed. Fast-track procedures applying only to certain accredited firms under authorized economic operator programs are not taken into account because they are not available to all trading companies. Sea transport time is not included. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing the process without delay. It is assumed that document preparation, inland transport and handling, customs clearance and inspections, and port and terminal handling require a minimum time of 1 day each and cannot take place simultaneously. The component indicator is computed based on the methodology in the DB06-15 studies.