Trade Facilitation Agreement Ratification

The DSC establishes a number of transparency obligations with respect to the substantive provisions of the agreement with respect to (i) online descriptions of business procedures; (ii) contact points to answer questions; (iii) the operation of insulated windows; (iv) the use of customs officers; and v) contact points for the exchange of customs information. These figures do not correspond to the scale of the mobilization of resources that has been promised on trade facilitation at the international level. Ratify – the sooner the better: the developing countries that will ratify the agreement in the coming months (and hopefully not years) have already missed some critical deadlines that will prevent them from using as much as possible the specific and differentiated provisions for the treatment of ADTs. Trade facilitation is the general concept of a package of measures to reduce border bureaucracy. Heavy customs regulations pose real challenges for businesses of all sizes, internationally, particularly for small and medium-sized enterprises (SMEs). Members of the World Trade Organization have endorsed a pioneering global agreement known as the Trade Facilitation Agreement (TFA). The TFA came into force on February 22, 2017. The aim of the AMF is to speed up customs procedures; Make trade easier, faster and cheaper Ensure clarity, efficiency and transparency Reducing bureaucracy and corruption The Committee on Agriculture, Research and Innovation (- – point The implementation of the TFA requires investments in several ways, including financial and human resources. Although developed countries have committed to using the necessary means to build the capacity of development partners, these countries account for 24% of WTO membership.

In addition, facilitating trade in their cooperation plans with other urgent priorities, such as the refugee crisis, environmental degradation, gender equality and others. Three years have passed since the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) came into force. The aim of the TFA is to increase the speed and efficiency of cross-border trade procedures while reducing costs. Full implementation of the TFA could reduce global trade costs by 10-18% (OECD, 2018) and increase export earnings by up to $3.6 trillion per year (WTO, 2015).

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