This year marks a turning point for the Trade Facilitation Agreement (TFA), as the number of measures requiring implementation assistance is set to peak in 2025 for developing members and least-developed country (LDC) members, the Committee on Trade Facilitation heard at its meeting on 12-13 March.
The TFA - which contains provisions for expediting the movement, release and clearance of goods, including goods in transit - is the first WTO agreement in which developing and LDC members can determine their own implementation schedules, in accordance with their national priorities and capacities, and seek to acquire implementation capacity through the provision of related assistance and support.
The WTO Secretariat provided a status report concerning the ratification and implementation of the TFA.
It pointed to 196 measures due for implementation in 2025 by developing and LDC members that require technical assistance and capacity-building.
