This indicator quantifies the hours invested in navigating the documentary requirements imposed by various governmental bodies involved in international trade, encompassing the origin economy, the destination economy, and any transit economies. By measuring this compliance duration, it highlights the complexities faced by exporters in assembling the necessary documentation to facilitate smooth trade transactions. The insights derived from this metric shed light on inefficiencies within the regulatory framework and can serve as a catalyst for reform. Furthermore, understanding these time investments allows businesses to better strategize their operations, potentially mitigating delays and costs associated with regulatory compliance, ultimately enhancing their competitive edge in global markets. Source: