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U.S. Optimistic Global Trade Deal will Come into Force this Year

Posted March 06, 2015

Under Economic Issues, International Trade Issues

(Reuters)

The United States expects a global deal to cut customs red tape and streamline import procedures to come into force this year, a senior trade official said on Wednesday.

Mark Linscott, Assistant U.S. Trade Representative for World Trade Organization and Multilateral Affairs, said Washington was “pretty confident” the deal agreed in Bali in 2013 would be up and running by year-end.

“It’s quite realistic to expect that the trade facilitation agreement can come into force by the end of the year,” he told a Washington International Trade Association event.

“It’s not a hard deadline, but it’s achievable.” Click here to read more.