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New WTO trade facilitation deal will spur trade, experts say

Published on July 05, 2017

On February 22, the World Trade Organisation’s Trade Facilitation Agreement (TFA) finally came into force after being negotiated for nearly 10 years. The agreement which tasks 164 members of WTO to expedite the movement, release and clearance of goods across borders, launches a new phase for trade facilitation reforms globally and creates a significant boost for commerce and the multilateral trading system as a whole, according experts.

Rosine Uwamariya, the customs operations manager at Rwanda Revenue Authority (RRA), said the operationisation of the agreement is an opportunity for Rwanda to enhance its trade procedures and become more competitive.

“TFA calls for implementation of simple, harmonised and modernised international border procedures, which is key for cross-border trade,” she noted. Read more. Source | New Times