Last week, the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO) came into effect, when four of its members sent their instruments of acceptance to the body’s director-general, bringing the total number of ratifications over the required threshold of two-third of its 164 members.
This agreement aims to expedite the movement, release and clearance of goods across Customs barriers. It launches a new phase for trade facilitation reform over the world, creating a significant boost for commerce and the multilateral trading system as a whole, says WTO. Developed countries have committed to immediately implement the agreement. Developing
This agreement aims to expedite the movement, release and clearance of goods across Customs barriers. It launches a new phase for trade facilitation reform over the world, creating a significant boost for commerce and the multilateral trading system as a whole, says WTO. Developed countries have committed to immediately implement the agreement. Developing
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