Trade Facilitation Agreement Timeline

What is positive is that seven LDCs have already communicated their indicative deadlines, while the deadline expires in two years (February 22, 2021), sending a clear signal to donors about their commitment to implement the agreement. Based on the preparatory work of the NTG, WTO members agreed at the Doha Ministerial Conference in 2001 to begin negotiations on a new legal framework for trade facilitation in the WTO. The scope of the negotiations was the revision and clarification of three GATT articles (Article V: freedom of transit; Article VIII: import and export charges and formalities; Article X: Publication and management of the code of commerce . . . It is estimated that it is in developing and least developed countries, mainly African countries, that trade costs could be significantly reduced. (*1) The WTO group of members, which supported multilateral trade facilitation rules, later became known as the Colorado Group. They included WTO members such as Australia, Canada, Chile, Colombia, Costa Rica, the EEC (later the EC), Hong Kong China, Hungary, Japan, Korea, Morocco, New Zealand, Norway, Paraguay, Singapore, Switzerland and the United States. Note that the groups are informal groups of WTO members and that their membership can be developed at any time. (*2) World Trade Organization, Singapore Ministerial Declaration, 18 December 1996, WT/MIN(96)/DEC (-3) Nora Neufeld, 2014. ” THE LONG AND WINDING ROAD: HOW WTO MEMBERS FINALLY REACHED A TRADE AGREEMENT “, WTO Staffing Work papers ERSD-2014-6, World Trade Organization (WTO), Economic Research and Statistics Division; and Nora Neufeld, 2016. “Implementing the Trade Facilitation Agreement: From Vision to Reality,” WTO staff working papers ERSD-2016-14-World Trade Organization (WTO), Department of Economic Research and Statistics.

(*4) No. 27 of the World Trade Organization Ministerial Declaration of 20 November 2001, WT/MIN(01)7DEC/1 World Trade Organization, Doha Labour Programme. General Council decision of 1 August 2004, 2 August 2004 (WT/L/579). (*6) For more information on this phase, see Nora Neufeld, 2014. ” THE LONG AND WINDING ROAD: HOW WTO MEMBERS FINAL REACHED A TRADE FACILITATION AGREEMENT “, page 10, working papers of WTO collaborators ERSD-2014-6, Division of Economic Research and Statistics. Prevent, prevent, prevent: developing countries and LDCs that are willing to adopt the specific and differentiated provisions of the TFA must meet the implementation communication requirements set out in the agreement. These notifications are part of the agreement. Developing countries cannot expect these flexibilities if they do not respect their part of the agreement. Take a legal look: once a country has adopted its Class C designations, it should consider putting in place a legal framework for the implementation of these measures.

The first step is to conduct a thorough analysis of legal loopholes to determine where changes or new rules are needed. This is the basis of all legal business facilities. According to this reality check, developing countries and LDCs wishing to take advantage of the benefits of the agreement could take full account of the following recommendations: the agreement will also help to remove critical practical barriers to international trade. The most prosperous countries in the agreement have pledged to reform the technical and financial processes of developing countries to improve their effectiveness.