Tradelines News

Get the latest news and updates on cross-border customs and international trade.

WTO Approves Trade Facilitation Agreement

Posted November 27, 2014

Under Economic Issues, International Trade Issues

Almost a year since Roberto Azevêdo’s declaration at the Bali Ministerial Conference in late 2013 that the World Trade Organization had “truly delivered” on a multilateral global trade deal for the first time in its almost 20-year history, the WTO Director-General’s premature claim has finally become a reality. Following years of negotiations and months of stalemate with India over the unrelated issue of food security, a Trade Facilitation Agreement (TFA) that could boost global commerce by $1 trillion and create 18 million jobs in the developing world today received unanimous backing of the WTO’s 160 member countries. Click here to read more.