Trade Facilitation Agreement Text Pdf

1.2 Each Member, to the extent that it is feasible and in accordance with its domestic law and legal system, ensures that laws and regulations of general or new application or amended relating to the transfer, release and release of goods, including goods in transit, are made public as soon as possible before they come into force. , to allow merchants and other interested parties to meet with them. Section III contains institutional and final provisions on relations with other WTO agreements, the post-entry membership process of the agreement, the WTO Trade Facilitation Committee and the national trade facilitation committees to be set up in all WTO member states. 3. The panel is made up of five highly qualified people in the areas of trade facilitation, assistance and capacity-building assistance. The composition of the expert group ensures a balance between nationals of developing countries and members of developed countries. When a Member State is involved in the least developed countries, the panel includes at least one national of a Member State with the least developed country. If the committee fails to agree on the composition of the panel within 20 days of its creation, the Director General, in consultation with the chair of the committee, determines the composition of the panel in accordance with this paragraph. 1.1 Members agreed on the need to ensure that distributors are aware of their compliance obligations, encourage voluntary compliance so that importers can, in appropriate circumstances, correct themselves without penalty, and apply compliance measures to adopt stricter measures for non-compliant distributors. (14) The WTO Trade Facilitation Agreement (TFA) came into force on 22 February 2017. This is the result of the Doha round of trade negotiations launched in 2001.

The text of the TFA was adopted by WTO members at the 9th Ministerial Conference in Bali on 3 and 6 December 2013. The agreement entered into force in accordance with Article X:3 of the WTO agreement and members must individually accept the amendment to the WTO agreement by tabling an instrument for accepting the amendment protocol adopted on 27 November 2014.