The International Air Transport Association (IATA) has adopted a resolution to accelerate the modernization and transformation of the air cargo industry.

The resolution, firmed up at the IATA’s recent annual general meeting, builds on the momentum created by the entry into force of the World Trade Organization’s Trade Facilitation Agreement (TFA), which commits governments to make trade faster, cheaper, and more efficient.

“Air cargo processes are stuck in another century. To ensure that air cargo is ready to benefit from the expected $1 trillion boost in trade growth arising from the TFA and the improving global economic environment, we need a major overhaul of industry processes,” said Alexandre de Juniac, IATA’s director general and CEO.

“The time is right for change. After several years of virtually no growth, air cargo demand is starting to pick up. We are also seeing new business opportunities with internet commerce and the global distribution of time and temperature sensitive cargo, especially pharmaceutical products,” added de Juniac.

The IATA resolution calls for the air cargo industry to conclude the digitization of the supply chain, and adopt modern and harmonized standards to facilitate safe, secure, and efficient operations.

It likewise seeks the use of enhanced technology based on intelligent systems able to self-monitor, send real-time alerts and respond to deviation, as well as the harnessing of data to drive efficient and effective industry quality improvements.

On the governments’ side, the resolution calls for their support of the industry’s modernization process by rapidly implementing the TFA “so its substantial benefits such as harmonized rules for expediting the movement, release and clearance of goods crossing borders and the acceptance of e-payments and electronic documentation can be realized.”

It also pushes for governments to develop smart regulations that not only improve the safety and security of the air cargo supply chain, but also facilitates the efficient transport of goods.

Photo: Formulanone

You May Also Like

Internet of Things to infuse $1.9T boost to logistics sector—report

The Internet of Things (IoT) is a game changer that will enable countries to improve the connectedness, efficiency, and transparency of their supply chain…

First e-ATA Carnet successfully processed

The International Chamber of Commerce (ICC) has confirmed the successful processing of the very first electronic version of the ATA Carnet, marking a major…

New PH Customs order raises de minimis threshold to P10K from P10

Goods imported into the Philippines with de minimis value of P10,000 and below are no longer subject to duties and taxes based on a…

Asia’s growth still not independent of the West, says analyst

Strengthening integration and intraregional trade in Asia may cushion the impact of external demand shocks, but it does not make the region less vulnerable…