Five years since the Trade Facilitation Agreement (TFA) entered into force on 22 February 2017, global trade flows are well positioned for a COVID-19 recovery on the back of WTO members’ steady progress in implementing the landmark Agreement. Director-General Ngozi Okonjo-Iweala said the TFA has helped support global supply chain resilience and called for further work to help economies withstand future challenges.

The United States Agency for International Development (USAID) and Việt Nam’s Ministry of Finance (MoF) launched the USAID Trade Facilitation Programme in Hà Nội on Wednesday.

The WTO TFA will help micro, small- and medium-sized enterprises (MSMEs) further diversify exports and expand markets.

Free trade agreements (FTAs) may have significantly reduced import tariffs in many markets for Vietnamese goods, but administrative reform, reduction of trading costs and improving the business environment are key to improving national competitiveness, a forum heard in HCM City yesterday.

The Vietnam customs has actively carried out a number of activities in a bid to realise its commitments under the Trade Facilitation Agreement (TFA) signed between members of the World Trade Organisation (WTO).

The International Chamber of Commerce (ICC) has welcomed the entry into force of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA).

The poorer a country, the higher its trade costs. This simple axiom is one of the driving motivators behind the World Bank Group’s involvement in trade facilitation. For the Bank Group, trade facilitation means helping developing countries reduce the cost of importing and exporting goods and services and easing the flow of commerce across international borders, whether a frontier to a neighboring country, or an ocean to distant markets. Inefficient trade facilitation is one of the leading sources of trade costs.