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 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.
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.
Article 12 of the WTO Trade Facilitation Agreement aims at addressing these concerns and, in fact, has enabled the exchange of information between customs in situations where there are doubts concerning the truth and accuracy of the declaration presented by the importer or exporter.
By 2015, the trucking issue had been resolved.108 The International 103 The World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), if fully ratified, could also affect trade facilitation among NAFTA parties.
The WTO Trade Facilitation Agreement imposes trade facilitation commitments on WTO Members and reinforces the trade facilitation agenda at global level, bringing potentially huge benefits once implemented.
In December 2013 WTO Members concluded negotiations on a new Trade Facilitation Agreement (WT/MIN (13)/36) aimed at expediting the movement, release and clearance of goods, including goods in transit, and at improving customs cooperation.
Trade Facilitation Agreement Facility In July 2014, the WTO launched the Trade Facilitation Agreement Facility (TFAF) to provide implementation assistance.57 Aid will include helping members prepare their SDT notifications, provide technical assistance and capacity building, and support LDC members to access assistance from other organizations.
The agreement is positive for traders from both sides as it goes further than the WTO Trade Facilitation Agreement of 2017.
WTO Trade Facilitation Agreement Facility (TFAF) – Assistance for Developing and LDC Countries Extensive trade facilitation related assistance is already being provided by regional and multilateral agencies, bilateral donors and other stakeholders through a broad range of different programs.