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WTO's trade facilitation agreement takes effect

Published on February 23, 2017

The World Trade Organization announced on Wednesday 22 February that the Trade Facilitation Agreement (TFA) has now entered into force, having surpassed the minimum requirement of 110 ratifications from members.

“The Trade Facilitation Agreement is the biggest reform of global trade this century,” said WTO Director-General Roberto Azevêdo on Wednesday in confirming the news.

“It sends a message about the power of trade to support jobs and growth around the world – in developed and developing countries alike,” he continued. Read more. Source | ICTSD