Using key concepts underlying trade facilitation and with the support of data available from the World Bank report, discuss three main factors underlying the four indicators provided in the table below. You can use data from other reliable sources including journal articles, industry reports, UNCTAD, World Economic Form report on Enabling Trade Index, World Bank report on Logistics Performance Index, etc. to substantiate your argument.

Nature of procedures Number of hours for Export Number of hours for Import 3 2 Documents compliance - Time (hours) The time and cost for documentary compliance include the time and cost for obtaining documents, preparing documents, processing documents, presenting documents, and submitting documents. Border compliance - Total cost (USD) The time and cost for border compliance include time and cost for obtaining, preparing and submitting documents during port or border handling, customs clearance and inspection procedures. USD 335 USD 220