UN General Assembly adopts convention on negotiable cargo documents
The United Nations General Assembly has adopted the United Nations Convention on Negotiable Cargo Documents, creating a new legal framework that allows goods transported by road, rail, air or sea to be represented by a single negotiable document, in paper or electronic form. The Convention aims to facilitate global trade by enabling goods to be bought, sold or used as collateral while in transit, reducing paperwork, supporting digital trade and improving access to finance, particularly for small and medium-sized enterprises and businesses in developing and landlocked economies.