trade facilitation definition
Examples of trade facilitation in a sentence
The Committee on Trade in Goods shall, in accordance with Article 31 of the Protocol on Trade in Goods, establish a Sub-Committee on Trade Facilitation, Customs Cooperation and Transit.
For the purposes of Chapter 2 (Trade in Goods), Chapter 3 (Rules of Origin and Implementation Procedures), Chapter 4 (Customs Procedures and Trade Facilitation), Chapter 5 (Sanitary and Phytosanitary Measures), Chapter 6 (Technical Barriers to Trade), Chapter 7 (Trade Remedies) and the Annexes to the Chapters abovementioned, Article XX of GATT 1994, including its interpretative notes, is, incorporated into and made part of this Agreement, mutatis mutandis.
The WTO International Forum for National Trade Facilitation Committees, launched in January 2017, provides a forum for such “dialogue and collaboration.”56 In addition, there are two international collaborations dedicated to supporting TFA implementation.
For the purposes of Chapter 2 (Trade in Goods), Chapter 3 (Rules of Origin and Origin Procedures), Chapter 4 (Customs Procedures and Trade Facilitation), Chapter 5 (Technical Barriers to Trade), Chapter 6 (Sanitary and Phytosanitary Measures), Chapter 7 (Trade Remedies) and Chapter 11 (Electronic Commerce)1, Article XX of GATT 1994 and its interpretative notes are incorporated into and made part of this Agreement, mutatis mutandis.
In July 2014, the WTO launched the Trade Facilitation Agreement Facility (TFAF) to provide implementation assistance.57 Aid will include helping members prepare their SDT notifications, provide technical assistance and capacity building, and support LDC members to access assistance from other organizations.
The Global Alliance for Trade Facilitation (GATF) is a public-private partnership that aims to bring together businesses and governments to help accelerate TFA reform implementation.60 Housed at the World Economic Forum, the GATF secretariat is located in Geneva, Switzerland.
A SubCommittee on Customs Procedures and Trade Facilitation (hereinafter referred to in this Article as the “SubCommittee”) consisting of representatives of both Parties is hereby established under the Joint Committee.
The State Parties shall, as appropriate, discuss specific standards for import, export, or transit procedures whether and/or how they contribute to Trade Facilitation.
The Parties affirm their rights and obligations with respect to each other under the Agreement on Trade Facilitation, set out in Annex 1A to the WTO Agreement.
The Trade Facilitation Agreement (TFA),1 finalized in December 2013, is the newest international trade agreement to enter into force at the World Trade Organization (WTO), after two-thirds of WTO member countries ratified the multilateral agreement as of February 22, 2017.2 The TFA is important to Congress because it may affect U.S. trade flows, the U.S. economy, and international capacity building efforts.