The Trade Facilitation Agreement (TFA) marked its first anniversary last week. The TFA entered into force on February 22, 2017 when the World Trade Organization (WTO) obtained the required two-thirds acceptance from its members.
The WTO members are continuing to work towards fully implementing the TFA. Implementation of the TFA is expected to have positive
February 22, 2017 marked a major milestone for global trade. The Trade Facilitation Agreement (TFA) entered into force on February 22nd after the World Trade Organization (WTO) obtained the needed acceptance from two-thirds of its 164 members. Rwanda, Oman, Chad and Jordan submitted their instruments of acceptance to WTO Director-General Roberto Azevêdo, which brought the
In the past two days, two more countries – Peru and Saudi Arabia – ratified the World Trade Organization’s Trade Facilitation Agreement (TFA). Their ratification followed Mexico and Hondurus, who ratified the TFA earlier this month.
The submission of instruments of acceptance from Peru and Saudi Arabia means that more than 80 percent of the