The WTO, WTO members and other intergovernmental organizations, including the World Bank, the World Customs Organization and the United Nations Conference on Trade and Development (UNCTAD), provide technical assistance to trade facilitation. In July 2014, the WTO announced the creation of a trade facilitation mechanism that helps developing countries and LDCs implement the Trade Facilitation Agreement. The facility came into force on 27 November 2014 with the adoption of the Trade Facilitation Protocol. Full implementation of FTAs is estimated to reduce trade costs by an average of 14.3% and boost world trade by up to $1 trillion per year, with the highest growth in the poorest countries. For the first time in the history of the WTO, the implementation of the agreement is directly linked to the country`s ability to do so. A Trade Facilitation Mechanism (TFAF) has been set up to ensure that developing and least developed countries receive the assistance they need to take full advantage of the benefits of the TFA. In addition to notification of the names A, B and C, the AFA sets different deadlines for notification of indicative and final dates for the implementation of Category B and C obligations, as well as the technical assistance necessary to implement Category C obligations. Bureaucratic delays and "bureaucracy" weigh on traders for cross-border trade. Trade facilitation - the simplification, modernization and harmonization of export and import processes - has therefore become an important issue for the global trading system. How many members have submitted implementation notifications? . The TFA came into force on 22 February 2017, after two-thirds of WTO membership completed its ratification process on national territory.
For further requests, contact the WTO secretariat here Developed countries have committed to applying the essential parts of the AFA from the date of its entry into force. For more information, see a 2015 study by WTO economists. Development and LDC members may ask for more time and assistance in building the capacity needed to implement the agreement. To benefit from these flexibilities, they must include all measures in categories A, B and/or C that have the following implementation deadlines: This website serves as a point of contact for WTO members, donors and others seeking information on the TFAF.