WTO Trade Facilitation Agreement
The Trade Facilitation Agreement (TFA) is the product of almost 10 years of World Trade Organization (WTO) negotiations. It will be legally binding once two-thirds of the World Trade Organization Members accept it, on those Members that accept it.
Driven by the spectacular growth in global trade, and the urgency to reduce the time and cost of moving goods across borders, the TFA contains provisions for speeding up the movement, release and clearance of goods. It sets out best practice for cooperation between Customs and other stakeholders, and it contains provisions for technical assistance and support for nations who may need it.