Trade business means all activities in the private and public sector required for international trade transactions, including collection of information, negotiation, conclusion of contract, customs clearance, transportation, insurance and settlement of payment.

With the participation of diverse stakeholders, trade business is evolving further to trade networking from digitized paper documents, including letters of credit (L/C), i.e. paperless trade, and facilitation of trade procedures, including customs clearance.

A concept that processes all trade-related procedures encompassing marketing, customs clearance, logistics, settlement of payment, etc. at home and abroad electronically, future paperless trade pursues realization of a global trade network that can be utilized on a real-time basis through systemization of related information.

The paperless trade system eliminates hassles in the complex foreign trade process, which encompasses financing, certification and licensing, logistics and customs clearance related to off-line paper documents, and makes the entire procedure simpler and more efficient.