Wto Trade Facilitation Agreement Ratification

By April 16, 2021 Uncategorized No Comments

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. Developed countries have consistently spoken out in favour of trade facilitation reform. For example, during the global crisis, donor support for trade facilitation was relatively resilient (OECD, 2018). The excellent return on investment in trade facilitation reforms could explain this strong commitment. Empirical studies have shown that a 1% increase in trade facilitation could result in an increase in world trade of $415 million (Matthias Helble, Catherine L. Mann and John S. Wilson). The trade aid report for 2019 also reaffirms that trade facilitation is the category in which aid-for-trade financing has had the greatest impact. 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. The TFA came into force on 22 February 2017, after two-thirds of WTO membership completed its ratification process on national territory. 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.

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. Kick-off Your national trade facilitation committees by welcoming traders: public-private partnerships are the cornerstones for the implementation of the WTO TFA to succeed. Who knows better than traders the bottlenecks in business procedures? It is therefore important to invite them to participate in the commissions. In addition, the NTF states should combine synergies with other national committees, such as. B health and plant health regulatory committees or technical barriers to trade and the promotion of regional platforms. According to FEKETE, since 2001, the U.S. government has allocated $15 billion in capacity-building assistance, including assistance to countries to assess their needs in the broader context of the Bali agreement. These figures do not correspond to the scale of the mobilization of resources that has been promised on trade facilitation at the international level.

In the TFA as in a marathon, a quick finish is not as important as the end of the whole race.