This indicator measures the duration and financial implications associated with meeting a country’s customs regulations and other mandatory inspections necessary for shipments to pass through borders. It encompasses the time required for customs clearance, the involvement of various government authorities, and additional logistical handling at ports or border points. A comprehensive evaluation of this metric not only highlights the efficiency of a nation’s trade processes but also underscores potential bottlenecks in customs and inspection systems. It reflects the interplay between regulatory compliance and trade facilitation, revealing opportunities for streamlining procedures and enhancing the overall competitiveness of an economy in the global marketplace. By focusing on these elements, stakeholders can identify areas for improvement that might expedite trade and reduce associated costs. Source: