WTO Launches Trade Facilitation Agreement Facility Website

27 May 2015

The Trade Facilitation Agreement Facility (TFAF) – launched on 22 July 2014 and operational by 27 November 2014 – assists developing countries and least developed country (LDC) members reap the full benefits of the World Trade Organization (WTO) Trade Facilitation Agreement (TFA). Recently, the WTO launched a dedicated website for the TFAF for members, donors, and others seeking information on the new TFAF. 

The TFAF website provides background on the WTO Trade Facilitation Agreement (TFA) and TFAF, information on programs that support implementation of the TFA, and national contact points for trade facilitation in developing and LDC member countries. It contains further information on TFAF support related to Categories A, B, and C commitments; assistance and support for capacity building; and applications for TFAF grants where no funding sources are available to developing and LDC countries for implementation. 

The TFA broke new ground for the first time in WTO history with the requirement that its implementation is directly linked to country capacity. It further states in the TFA that assistance and support should be provided to help countries achieve that capacity. Currently, five WTO members have secured domestic acceptance of the TFA but two-thirds of the WTO’s 161 members will need to ratify the TFA in order for it to enter into force. 

The WTO also published its Annual Report on 27 May 2015, which details WTO areas of activity, including trade negotiations and trade capacity building. 

  

Related Links:

WTO launches dedicated website for new Trade Facilitation Agreement Facility 

WTO issues 2015 Annual Report

The Governments of Bangladesh and India signed an agreement to upgrade the 50.58-kilometer long road between Ashuganj river...

Read More


India Prime Minister Narendra Modi and Nepal Prime Minister KP Sharma Oli jointly inaugurated the Integrated Check Post...

Read More


Inland waterways could significantly reduce the cost of transporting goods and transit time, and decongest highways....

Read More


The Governments of Bangladesh and India held a Commerce Secretary-level meeting on 15-16 January 2020 in New Delhi,...

Read More


Mr. Hasan Mahmud, Information Minister of Bangladesh, and Mr. Subrahmanyam Jaishankar, External Affairs Minister of India, underscored in...

Read More


The Asian Development Bank (ADB) will support trade facilitation in Bangladesh ...

Read More


Mr. Mukhtor Khamudkhanov, Country Director for Asian Development Bank in Nepal, is hopeful that Sri Lanka could benefit...

Read More