How digitalization can be leveraged to revive travel & trade

The COVID-19 pandemic has taken a heavy toll on intra-regional travel and trade initiatives, such as the Africa Continental Free Trade Agreement, resulting in the loss of millions of jobs and industry revenues. In a recent interview on CNBC Africa, Nirvan Veerasamy, a member of the Global Haven Consortium Committee, discussed how digitalization can be leveraged to address these challenges. Veerasamy highlighted the importance of ensuring the authenticity of PCR test results for travelers, especially in the context of the pandemic. He mentioned the innovative use of digital platforms like Panabios, which allow for seamless verification of test results from trusted laboratories. Veerasamy emphasized the accessibility of digital solutions, citing examples of rural India where mobile payments are already commonplace. He expressed optimism about the widespread adoption of digital tools across the African continent, recognizing the role of internet and mobile penetration in driving digitalization. The interview also touched upon the investments needed to support digital infrastructure and the significant partnerships required for the successful implementation of digital initiatives. The revival of travel and trade is seen as crucial for the economic recovery of African countries. Veerasamy underscored the need for common standards and regulations across nations to facilitate smooth travel and trade operations. He stressed the importance of building confidence among travelers and businesses through reliable testing and verification processes. By creating a unified platform for testing and recognition of accredited laboratories, Veerasamy proposed a collaborative approach to enhance trust and open up economies. In terms of policy recommendations, Veerasamy urged governments to align on norms and standards for digitalization. He highlighted the importance of a cohesive approach at the national and regional levels to promote the adoption of digital tools for travel and trade facilitation. By establishing a shared database of recognized laboratories and testing protocols, Veerasamy believes that countries can build the necessary confidence to reopen their economies and restore cross-border activities. Overall, the interview shed light on the transformative potential of digital technologies in revitalizing travel and trade within Africa. By leveraging digitalization effectively, countries can navigate the challenges posed by the pandemic and pave the way for sustainable economic growth and development.