TFA (Trade Facilitation Agreement)

The Trade Facilitation Agreement (TFA) is a global treaty aimed at making international trade smoother and faster by reducing delays, paperwork, and costs at customs and border crossings. It encourages countries to adopt common procedures, share information efficiently, and use technology to streamline processes. The goal is to remove unnecessary barriers, making it easier for goods to move across borders, benefiting economies by increasing trade, creating jobs, and lowering prices for consumers. Essentially, TFA helps trading nations work together more effectively, ensuring that the flow of goods is less hindered and more predictable worldwide.