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Wto Trade Facilitation Agreement Signatories

Contains provisions for the establishment of a permanent trade facilitation committee within the WTO and the requirement for WTO members to have a national committee to facilitate the coordination and implementation of the provisions of the agreement. It also contains a number of final provisions, such as the possibility of adopting regional approaches to the implementation of the TFA. Full implementation of FTAs is estimated to reduce trade costs by an average of 14.3% and boost world trade by up to $1 trillion per year, with the highest growth in the poorest countries. For the first time in the history of the WTO, the implementation of the agreement is directly linked to the country`s ability to do so. A Trade Facilitation Mechanism (TFAF) has been set up to ensure that developing and least developed countries receive the assistance they need to take full advantage of the benefits of the TFA. Section II of the agreement contains innovative special and differentiated treatment provisions that link implementation by developing countries and LDCs to the acquisition of the ability to implement the agreement for the first time in WTO history (see box). Prevent, prevent, prevent: developing countries and LDCs that are willing to adopt the specific and differentiated provisions of the TFA must meet the implementation communication requirements set out in the agreement. These notifications are part of the agreement. Developing countries cannot expect these flexibilities if they do not respect their part of the agreement. The DSC establishes a number of transparency obligations with respect to the substantive provisions of the agreement with respect to (i) online descriptions of business procedures; (ii) contact points to answer questions; (iii) the operation of insulated windows; (iv) the use of customs officers; and v) contact points for the exchange of customs information. It should be noted that the Democratic People`s Republic of Lao and Malawi are the only LDCs to have provided information on the operation of their single-desk systems (where distributors submit regulatory documents in one place). Ratify – the sooner the better: the developing countries that will ratify the agreement in the coming months (and hopefully not years) have already missed some critical deadlines that will prevent them from using as much as possible the specific and differentiated provisions for the treatment of ADTs. 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. Take a legal look: once a country has adopted its Class C designations, it should consider putting in place a legal framework for the implementation of these measures.

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