WTO’s Latest Trade Deal is Now in Affect

BBC News
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An international agreement estimated to increase global trade by $1 trillion a year is now in place.

The Trade Facilitation Agreement (TFA) involves streamlining customs procedures. It involves countries signing up to a long list of reforms, including easier access for businesses to information, reduced fees and simpler and faster procedures.

The Director General of the World Trade Organization (WTO), Roberto Azevedo, called it "the biggest reform of global trade in a generation.”

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