11. Why trade facilitation matters now more than ever
- Author:
- Antoni Estevadeordal
- Publication Date:
- 04-2017
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- On February 22, 2017, the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) entered into force. The TFA was concluded at the WTO Bali Ministerial Conference in 2013. Since then, countries have been working on implementing the agreement in their domestic markets to reach the two-thirds requirement for implementation.[1] As of March 2017, 113 members (or 69 percent of WTO members) have ratified the agreement—including 19 Latin American and Caribbean (LAC) countries—and another 93 countries have notified the WTO of their timeline for each TFA provision, giving a comprehensive picture of the state of the agreement.
- Topic:
- International Political Economy and International Trade and Finance
- Political Geography:
- Global Focus