Trade Facilitation Agreement Members

Developing countries had to notify the technical assistance necessary to implement their Category C denominations by 22 February 2017. Two years have passed and only 42 developing countries have provided all of this information (46% of the total number of WTO development members). LDCs don`t do any better. The deadline for the release of information on the necessary TACB expires today – 22 February 2019 – and only three LDCs (9% of the least developed wto members) have provided the necessary type of technical assistance. [2] Only 85 of the WTO`s 125 developing and least developed members reported the three categories (64 developing countries and 21 least developed countries). Eleven members (three developing countries and eight LDCs) were not appointed. At the Bali Ministerial Conference in December 2013, WTO members reached a consensus on the Trade Facilitation Agreement (TFA). Operational committees do not only allow WTO members to comply with Article 23.2. it calls for the creation of such facilities, but they are also instruments for complying with Article 2.2 relating to consultations between border management agencies and the private sector. On average, 40% of NTFC members represent companies, making it the ideal platform for regular public-private consultations. 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. 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. [1] Note that ten developing WTO members have not yet ratified the FDFA. The TFA came into force on 22 February 2017, after two-thirds of WTO membership completed its ratification process on national territory. According to this reality check, developing countries and LDCs wishing to take advantage of the benefits of the agreement could take full account of the following recommendations: these reforms will increase transparency and efficiency, reduce bureaucracy and corruption and ultimately make trade easier, 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. 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). This website serves as a point of contact for WTO members, donors and others seeking information about the TFAF.

Developed WTO members pledged to provide the WTO with information on aid and capacity-building assistance that has been paid and promised (Article 22.1), as well as points of contact and information on the aid request process and mechanism (Article 22.2).