Agreement Im Trade Facilitation

1.5 The Committee maintains close contacts with other international trade facilitation organizations, such as the WCO, with a view to obtaining the best available advice on the implementation and management of this agreement and avoiding unnecessary duplication. To this end, the Committee may invite representatives of such organizations or their subsidiary bodies to: 12.2 This Article shall not be construed as modifying or affecting the rights or obligations of a Member under such bilateral, plurilateral or regional agreements or regulating the exchange of customs information and data under such other agreements. The eleven TFI assume values from 0 to 2, 2 indicating the best possible performance. The variables in the TFI dataset are encoded with 0, 1, or 2. These are intended not only to reflect the legal framework of the countries concerned, but also to review, to the extent possible, the status of implementation of various trade facilitation measures. The methodology provides an overview of the structure of the indicators and describes the data collection process. Technical assistance for trade facilitation is provided by the WTO, WTO Members and other intergovernmental organizations, including the World Bank, the World Customs Organization and the United Nations Conference on Trade and Development (UNCTAD). In July 2014, the WTO announced the creation of the Trade Facilitation Facility, which assists developing and least-developed countries in implementing the Trade Facilitation Agreement. The Facility was launched with the adoption of the Trade Facilitation Protocol on 27 November 2014. (c) Ensure that ongoing private sector trade facilitation reform measures are integrated into support measures; 1.2 Each Member shall ensure, within the limits of feasibility and in a manner consistent with its national laws and legal systems, that new or amended laws and regulations of general application relating to the transport, transfer and mental handling of goods, including goods in transit, are published as soon as possible before their entry into force or that information concerning them is otherwise made public; to give merchants and other interested parties the opportunity to get to know them. In the special and differential treatment provisions, the TFA grants developing and least-developed countries a grace period during which both groups of countries are excluded from the application of the Dispute Settlement Agreement (Article 20). Given the level of development, the agreement provides for shorter periods for developing countries and longer periods, as well as a wider scope for least developed countries.

For a detailed overview of the OECD`s work on trade facilitation, visit the OECD Electronic Library to read our latest research on trade facilitation and the global economy. As a result of this reality check, developing and least developed countries wishing to take full advantage of the agreement could consider the following recommendations: The OECD Transition Instruments also allow countries to identify their strengths and weaknesses in trade facilitation, prioritize policy areas, and mobilize technical assistance and capacity building in a more targeted manner. Financial institutions in charge of foreign affairs measure not only the extent to which countries have introduced and implemented trade facilitation measures in absolute terms, but also their performance compared to others by using a number of quantitative measures in key areas of the border process. It is estimated that developing and least developed countries, mainly African countries, could reduce trade costs in the most significant way. In a globalized world, where goods often cross borders as intermediate and final products, trade facilitation helps reduce overall trade costs and increase economic prosperity, especially for developing and emerging countries. Each member shall establish and/or maintain a national trade facilitation committee or designate an existing mechanism to facilitate both national coordination and the implementation of these provisions. You can learn more about trade facilitation in your country using our Compare Your Country tool, which also allows you to compare the performance of different countries or groups of countries and visualize global progress in specific areas of trade facilitation. In turn, our Policy Simulation tool allows you to identify key actions that affect the performance of a selected country in a given indicator and simulate the impact of potential policy reforms on overall performance. 2. Each Member shall cooperate, to the extent possible and to the extent possible, on mutually agreed terms with other Members with which it shares a common border in order to coordinate procedures at border crossing points in order to facilitate cross-border trade. Such cooperation and coordination may include: (c) the Member shall terminate or suspend the notification or guidance without delay where the circumstances which led to it cease to exist or where the change in circumstances may be treated less restrictively; and trade facilitation also helps more businesses – and smaller businesses – participate in trade. It is essential that companies can take full advantage of new market openings to eliminate unnecessary costs associated with trade procedures.

This applies in particular to micro, small and medium-sized enterprises (SMEs), for which business costs may be disproportionate. Using trade cost estimates from the United Nations ESCAP-World Bank International Trade Costs Dataset, we can assess the potential impact of the implementation measures contained in the WTO Trade Facilitation Agreement. Using this approach, our analysis reveals that the TFA could reduce global trade costs by 10% to 18%, which varies by group of countries, but the largest gains go to low-income countries. Section II of the Agreement contains innovative provisions on special and differential treatment linking implementation by developing and least developed countries to the acquisition of the capacity to implement the Agreement for the first time in the history of the WTO (see box). .