Trade Facilitation Agreement at a glance
The Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO) sets forth measures to expediting the movement, release and clearance of goods across borders, as well as reducing the related costs.
Obligations on Entry into Force*
As of 23 January 2017, 107 WTO members have deposited their instruments of acceptance with the WTO Secretariat. Only three additional ratifications are needed to bring the Trade Facilitation Agreement into imminent effect within the next month(s).
Upon the entry into force of the Agreement, WTO Members that have ratified it, whether developed, developing countries or least developed countries, are supposed to have in place a national trade facilitation committee responsible for the coordination and implementation of the Trade Facilitation Agreement.
With the imminent entry into force of the Trade Facilitation Agreement, developing countries that have ratified the Agreement are under obligation to undertake the following steps:
- Immediate notification of provisions designated under Category A
- Implementation of the measures designated under Category A
- Immediate notification of the provisions under Category B and C and their corresponding indicative dates for implementation
Impact of UNCTAD Trade Facilitation Assistance
UNCTAD has long-standing expertise and experience in trade facilitation and provides technical assistance and capacity-building support to its Members, including in the establishment of national trade and transport facilitation committees, gap analysis needs assessments, trade facilitation roadmaps, transit agreements and customs automation through its UNCTAD Automated System for Customs Data (ASYCUDA) programme as well as Trade Portals.