Hallelujah, Forward Progress on Trade Facilitation
This afternoon, the United States and India resolved their differences over New Delhi’s insistence for an interim mechanism for public stockholding programs for food security to continue until members reach a permanent solution – paving the way for breaking the impasse over implementation of the Trade Facilitation Agreement (TFA) at the World Trade Organization (WTO). The TFA seeks to create binding commitments across 159(+) WTO Members to: 1) expedite the movement, release and clearance of goods; 2) improve cooperation among WTO Members on customs matters; and 3) help developing countries fully implement these obligations. In addition, the agreement promises to … Continue reading Hallelujah, Forward Progress on Trade Facilitation
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