ContractTrade Facilitation Agreement • July 8th, 2023
Contract Type FiledJuly 8th, 2023The Trade Facilitation Agreement and Customs Formalities under the EPAChapter 4 of the EPA treats with Customs and Trade Facilitation; in particular, Article 31 indicates that the Parties’ respective trade and customs legislation and procedures shall draw upon international instruments and standards applicable in the field of customs and trade. Accordingly, over the past five years, CARIFORUM States and the EU have been taking action to implement the World Trade Organisation (WTO) Trade Facilitation Agreement (TFA), which seeks the simplification, harmonisation and modernisation of customs formalities to reduce the bureaucratic delays and red tape to move goods across borders. Additional information about the WTO TFA can be found at: https://www.wto.org/english/tratop_e/tradfa_e/tradfa_introduction_e.htm Implementation of the TFA requires the introduction of certain regulatory and administrative measures as well as automation of processes and procedures. CARIFORUM States have been col
ContractTrade Facilitation Agreement • May 24th, 2023
Contract Type FiledMay 24th, 2023The Trade Facilitation Agreement and Customs Formalities under the EPAChapter 4 of the EPA treats with Customs and Trade Facilitation; in particular, Article 31 indicates that the Parties’ respective trade and customs legislation and procedures shall draw upon international instruments and standards applicable in the field of customs and trade. Accordingly, over the past five years, CARIFORUM States and the EU have been taking action to implement the World Trade Organisation (WTO) Trade Facilitation Agreement (TFA), which seeks the simplification, harmonisation and modernisation of customs formalities to reduce the bureaucratic delays and red tape to move goods across borders. Additional information about the WTO TFA can be found at: https://www.wto.org/english/tratop_e/tradfa_e/tradfa_introduction_e.htm Implementation of the TFA requires the introduction of certain regulatory and administrative measures as well as automation of processes and procedures. CARIFORUM States have been col