Common Contracts
1 similar Trade Facilitation Agreement contracts
The Trade Facilitation Agreement enters into ForceTrade Facilitation Agreement • March 27th, 2017
The WTO Members had entered into negotiations on a landmark Trade Facilitation Agreement (TFA) at their 2013 Bali Ministerial Conference, to solve the problem of the vast amount of “red tape” that still exists in moving goods across borders, and which poses a particular burden on small and medium-sized enterprises. The TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. It further contains provisions for technical assistance and capacity building in this area. The Agreement will help improve transparency, increase possibilities to participate in global value chains, and reduce the scope for corruption.
