“Trade Facilitation Agreement: Easing the flow of goods across borders” written by WTO is published in 2015.
Under current border procedures, the average transaction can involve numerous steps. The Trade Facilitation Agreement (TFA) sets forth a series of measures for expeditiously moving goods across borders inspired by the best practices from around the world. The Agreement is ground-breaking in that, for the first time in WTO history, the commitments of developing and least-developed countries are linked to their capacity to implement the TFA. In addition, the Agreement states that assistance and support should be provided to help countries achieve that capacity.
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