Trade Facilitation Agreement definition
Examples of Trade Facilitation Agreement in a sentence
Each Party shall continue to facilitate customs clearance of goods in transit from or to another Party in accordance with paragraph 3 of Article V of GATT 1994 and the relevant provisions of the Trade Facilitation Agreement.
The Parties affirm their rights and obligations under the Trade Facilitation Agreement.
The Parties also recognise the innovative approach to special and differential treatment inherent in the WTO Trade Facilitation Agreement (TFA) that enables least developed countries (LDCs) and developing countries to fully implement their commitments contingent on the delivery of the requisite trade support in conformity with their implementation notifications under the TFA.
The Trade Facilitation Agreement will enter into force once two-thirds of Members have domestically ratified a Protocol of Amendment and notified the WTO of their acceptance of this Protocol.
The agreement is positive for traders from both sides as it goes further than the WTO Trade Facilitation Agreement of 2017.
The Parties also recognise the innovative approach to special and differential treatment inherent in the WTO Trade Facilitation Agreement (TFA) that enables LDCs and developing countries to fully implement their commitments contingent on the delivery of the requisite trade support in conformity with their implementation notifications under the TFA.
In accordance with its commitments under the Trade Facilitation Agreement, each Party shall provide for the issuance of an advance ruling, prior to the importation of the goods into its territory, to an importer of the goods into its territory or to an exporter or producer of the goods in the territory of another Party.
In accordance with its commitments under the WTO Trade Facilitation Agreement (TFA), each Party shall provide for the issuance of an advance ruling, prior to the importation of a good into its territory, to an importer of the good in its territory or to an exporter or producer of the good in the territory of another Party.
Following the entry into force of this Annex, the Parties shall continue to explore and, when feasible and appropriate, promote the administration of measures that seek to facilitate trade beyond the obligations contained in the WTO Trade Facilitation Agreement and this Annex.
In addition, each Party may issue rulings that cover additional trade matters as specified in the Trade Facilitation Agreement.