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What is trade facilitation?

Trade facilitation refers to the simplification, standardisation, and harmonisation of procedures and information flows involved in trading goods. By streamlining Customs procedures, reducing paperwork, and improving communication between various agencies, trade facilitation aims at reducing costs, time delays, and the uncertainties associated with trade. This ultimately leads to increased efficiencies, lower prices for consumers, and greater economic growth.

WTO Members adopted the Agreement on Trade Facilitation (TFA), which entered into force on 22 February 2017. The TFA includes provisions to speed up the process of moving, releasing, and clearing goods, including those in transit. It also establishes measures to foster effective collaboration between Customs authorities and other relevant agencies regarding trade facilitation and customs compliance.