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Caribbean small states - Cost to import

Cost to import, border compliance (US$)

The latest value for Cost to import, border compliance (US$) in Caribbean small states was 824.09 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 839.25 in 2015 and 824.09 in 2016.

Definition: Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

Year	Value
2014	839.25
2015	839.25
2016	824.09
2017	824.09
2018	824.09
2019	824.09

Cost to import, documentary compliance (US$)

The latest value for Cost to import, documentary compliance (US$) in Caribbean small states was 130.38 as of 2019. Over the past 5 years, the value for this indicator has fluctuated between 132.84 in 2015 and 130.38 in 2016.

Definition: Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

Year	Value
2014	132.84
2015	132.84
2016	130.38
2017	130.38
2018	130.38
2019	130.38

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade facilitation