Canada Ratifies the Trade Facilition Agreement

Submitted by admin on Sat, 12/31/2016 - 12:10

Canada has ratified the Trade Facilitation Agreement (TFA), making it the 103rd WTO member to do so. Only seven more ratifications from members are needed to bring the TFA into force...

Concluded at the WTO’s 2013 Bali Ministerial Conference, the TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. It further contains provisions for technical assistance and capacity building in this area...

This has been excerpted from the 16 December 2016 WTO news release.