Trade facilitation encompasses actions in two main areas: hard and soft infrastructures. The former involves the long-term assets that allow the physical flow of goods, and the latter is concerned with the assets, services and procedures that allow firms to trade internationally. Specifically, trade facilitation is comprised of three main parts. First, trade facilitation includes physical infrastruc-tures such as ports, airports and roads among others. Second, trade facilitation deals with customs and borders administrative pro-cesses, transport formalities, tariffs and the application of trade laws and regulations. And third, trade facilitation involves the use of information and communication technologies (ICT) to harmo-nize and standardize trade procedures among countries and also among all stakeholders involved in international trade (e.g., sellers, buyers, banks, traders, customs, etc.).