Trade fa­cil­i­ta­tion Agree­ment

ChinAfrica - - KEYWORDS -

At the 2013 Ninth WTO Min­is­te­rial Con­fer­ence in Bali, In­done­sia, WTO mem­bers con­cluded ne­go­ti­a­tions on a his­toric agree­ment: the Trade Fa­cil­i­ta­tion Agree­ment (TFA), which came into force on Fe­bru­ary 22, 2017, fol­low­ing its rat­i­fi­ca­tion by two-thirds of WTO mem­bers. The TFA con­tains pro­vi­sions to speed up the move­ment, re­lease and clear­ance of goods. It also pro­vides for mea­sures to en­sure ef­fec­tive co­op­er­a­tion be­tween cus­toms and other com­pe­tent au­thor­i­ties on trade fa­cil­i­ta­tion and cus­toms com­pli­ance is­sues.

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