WTO's Trade Facilitation Agreement comes into force: All you need to know

WTO's deal will see a simpler trade regime but its success will be dictated by trade protectionism

The World Trade Organization’s (WTO's) landmark Trade Facilitation Agreement (TFA), which came into force on Thursday, is expected to provide a much-needed boost to beleaguered global growth. However, its success will depend on the rising tide of trade protectionism across the globe and stronger voices against trade liberalisation like US President Donald Trump. 

  

Ratified by 112 nations, more than two-thirds of all member nations, the deal will ease trade processes, bring down barriers to trade and enhance the capacity of the developing world to better engage with the global trading network.

The 164 member nations of the WTO account for more