Framework Agreement on Trade Facilitation

The Framework Agreement on Trade Facilitation is an international agreement aimed at streamlining and simplifying customs procedures and border controls to make international trade easier and more efficient. It encourages countries to improve their trade processes, reduce delays, and lower costs, benefiting businesses and consumers. By enhancing cooperation between nations, this agreement seeks to create a more predictable and transparent trading environment, ultimately promoting economic growth and development worldwide. It was adopted at the World Trade Organization (WTO) in 2013 and reflects a commitment to global trade improvement.