WTO Trade Facilitation Agreement

The WTO Trade Facilitation Agreement aims to simplify and modernize international customs procedures to make cross-border trade easier and faster. It results in lower costs and reduced delays for importing and exporting goods by standardizing and streamlining processes like documentation and inspections. This benefits businesses, especially those in developing countries, by enhancing access to global markets, encouraging economic growth, and reducing trade barriers. Overall, the agreement helps create a more predictable, efficient, and transparent trading environment worldwide.