The Trade Facilitation Agreement (TFA): what's it about?
In broad terms, the TFA is about:
- Delivering practical measures to expedite the movement, release and clearance of goods (including goods in transit)
- Removing the regulatory and procedural burdens traders face when conducting international trade
- Improving cooperation between customs and other authorities
- Enhancing technical assistance and capacity building for the implementation of the TFA
- Allowing developing and least-developed Members (LDCs) to set their own timetable for implementing the TFA according to their capacity
And how can the it benefit you as a trader?
- It will reduce the burden you experience when you trade across borders
- It will improve cooperation between customs and other authorities
- It will allow you to have faster access to the following information online:
- Import, export and transit procedures
- The operation of the single window - a one-stop shop for all import, export and transit procedures
- The use of customs brokers
- Dedicated enquiry points to answer questions regarding importation, exportation and transit of goods