This indicator measures the duration and expenses incurred in meeting an economy's customs and regulatory requirements for imported goods, reflecting the complexities and inefficiencies often present at borders. It encompasses the time spent in customs clearance, along with any necessary inspections mandated by various government entities. Moreover, this metric highlights the operational challenges faced at ports or border facilities, revealing the potential bureaucratic delays and their financial implications. By understanding these dynamics, stakeholders can identify opportunities to streamline processes, improve compliance efficiency, enhance trade competitiveness, and ultimately foster a more conducive environment for international commerce. This insight is crucial for businesses aiming to optimize their supply chain performance in global markets. Source: