Trade Facilitation Agreement Summary

12 oktober 2021

This measure regulates the special or preferential customs regime granted to reliable economic operators. It is estimated that full implementation of the TFA could reduce trade costs by an average of 14.3 percent and increase global trade by $1 trillion a year, with the biggest profits being recorded in the poorest countries. For the first time in the history of the WTO, the requirement to implement the agreement is directly linked to the country`s ability to do so. A Trade Facilitation Mechanism (TFAF) has been put in place to ensure that developing and least developed countries receive the necessary assistance to reap the full benefits of the TFA. Technical assistance for trade facilitation is provided by the WTO, WTO members and other intergovernmental organizations, including the World Bank, the World Customs Organization and the United Nations Conference on Trade and Development (UNCTAD). In July 2014, the WTO announced the establishment of the Trade Facilitation Facility that would help developing and least-developed countries implement the Trade Facilitation Agreement. The Facility was put into operation with the adoption of the Trade Facilitation Protocol on 27 November 2014. This measure concerns the publication of information for government officials and traders. This measure regulates the means by which an operator obtains reliable ”binding” information on the tariff classification, origin or other customs treatment of goods before taking them. UNCTAD – Facilitating global trade and transport during COVID-19 This measure regulates the process by which national trade laws are made.

Traders and other parties must have the opportunity to comment on trade proposals, customs laws and administrative provisions. Traders in developing and developed countries have long pointed to the enormous ”bureaucracy” that still weighs on cross-border trade and that weighs particularly heavily on small and medium-sized enterprises. The TFA contains provisions to expedite the transport, provision and registration of goods, including goods in transit. Measures to ensure effective cooperation between Customs and other competent authorities in trade facilitation and customs compliance are also defined. It also contains provisions on technical assistance and capacity-building in this area. The agreement will help improve transparency, increase opportunities for participation in global value chains and reduce room for corruption. Depending paymentDocument of the document Electronic payment of customs duties and taxes Pre-arrival verification Publication Release of trade facilitation agencies Transit Transit Section III contains institutional rules and final provisions that manage relations with other WTO agreements, the process of accession of members to the agreement after entry into force, the WTO Trade Facilitation Committee and the National Committees for Trade Facilitation, which will be established in all WTO Members. This measure regulates international transit procedures and the promotion of transit agreements and coordination at the regional and bilateral levels. ITC – Managing COVID-19 through Trade Facilitation This measure regulates the filing by traders of documents/data required by customs and other border authorities to import, export and transit goods through a ”single window” or ”single repository”. Bureaucratic delays and ”bureaucracy” weigh on traders for cross-border trade.

Trade facilitation — the simplification, modernization and harmonization of export and import processes — has therefore become an important issue for the global trading system. The WTO Trade Facilitation Agreement (TFA) entered into force on 22 February 2017. It is the result of the Doha Round of trade negotiations, which began in 2001. The text of the TFA was adopted by WTO members at the 9th Ministerial Conference held in Bali from 3 to 6 December 2013. . . .

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