The Trade Facilitation Agreement (TFA) is a binding multilateral trade agreement between members of the World Trade Organization. The TFA was completed in December 2013 and officially entered into force in February 2017. The Trade Facilitation Agreement (TFA) is a binding multilateral trade agreement between members of the World Trade Organization (WTO). The TFA was completed in December 2013 and officially entered into force in February 2017. The agreement aims to remove trade barriers resulting from heavy border requirements. These barriers prevent businesses of all sizes from operating internationally, but they are most detrimental to small and medium-sized enterprises. Traders in developing and industrialized countries have long stressed the enormous “administrative burden” that still weighs on the cross-border transfer of goods and which is a particular burden for small and medium-sized enterprises. The TFA contains provisions to expedite the transfer, release and release of goods, including goods in transit. Measures are also planned for effective cooperation between customs and other relevant authorities on trade facilitation and tariff compliance. It also contains provisions for technical assistance and capacity building in this area.
The agreement will help to improve transparency, increase opportunities for participation in global value chains and reduce opportunities for corruption. The Alliance Instrument, the WTO Agreement on Trade Facilitation (TFA) through a gender objective, provides practitioners and development partners with an in-depth analysis of Article i of the TFA from a gender perspective. It shows how the TFA, regardless of its so-called blind expression of gender, offers an opportunity to remove gender barriers to international trade. By ratifying the agreement, countries are committing to reducing border bureaucracy, from measures to speed up the release and release of goods to better cooperation between border authorities. These reforms will increase transparency and efficiency, reduce bureaucracy and corruption, and ultimately make trade simpler, faster and cheaper. Overall, reforms have the potential to reduce trade costs by an average of 14.3% and create about 20 million jobs, especially in developing countries. The TFA is a unique opportunity to promote development goals such as sustainable growth, the fight against poverty and gender equality. For the provisions known as Category B and C, the member must indicate dates for the implementation of the provisions.
. Procedures and mechanisms for requesting assistance and related points of contact Section II establishes a Special and Differentiated Treatment (TDS) that allows development members and LDCs to determine when they will implement certain provisions of the agreement and to identify provisions that they can only implement after receiving technical assistance and capacity building support. Note: Information at EU level can be found in the eu membership profile This guide, published by the International Trade Centre, aims to help businesses in developing countries take advantage of the World Trade Organization`s Trade Facilitation Agreement (TFA).