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What Is Trade Facilitation Agreement

What Is Trade Facilitation Agreement

1.1 Members agreed on the need to ensure that distributors are aware of their compliance obligations, encourage voluntary compliance so that importers can, in appropriate circumstances, correct themselves without penalty, and apply compliance measures to adopt stricter measures for non-compliant distributors. (14) recognising the need for effective cooperation among members on trade facilitation and tariff compliance; The first discussions on trade facilitation began in the mid-1990s. In 1996, the Singapore Ministerial Conference gave the WTO its original directive, but under a different conceptual title. [2] The language used in the letter reflected a possible compromise between those who wished to renegotiate the terms of an agreement and those, particularly those in developing and least developed countries, who had doubts about the success of new negotiations and preferred a much tighter/limited agenda. Many of the doubts about a new multilateral trade agreement in the future related to the fact that they did not have the capacity to meet additional commitments, particularly for developing and least developed countries. All developed countries supported the trade facilitation agreement there, as well as a number of developing countries such as Chile, Colombia, Costa Rica, the Republic of Korea, Paraguay and Singapore. [2] However, it remained difficult to convince affiliated nations to agree on multilateral negotiations. However, there was no opposition to the work and development of the Trade Facilitation Act. The law promised to reduce customs barriers and non-tariff issues. However, most developing and least developed countries have instead advocated an approach that encourages compliance with these guidelines against the mandate of disciplines. It was not until 2001, at the Doha Ministerial Conference, that there was another iron resurgence. The Colorado Group was still trying to increase its membership, while its opposition was also not inactive.

The Doha Ministerial Conference was a bit fruitful in bringing negotiations between the two sides closer together. However, the negotiation process has not yet taken place. At the Cancun Ministerial Conference in September 2003, it was stressed that negotiations remain difficult to grasp. 2.3 Members are invited to provide other information related to internet commerce, including relevant trade-related legislation and other items mentioned in paragraph 1.1. Under the special and differentiated treatment provisions, the TFA provides developing countries and LDCs with additional time during which both groups of countries are exempt from the application of the dispute settlement agreement (Article 20). Given the stages of development, the Agreement provides for shorter periods for developing countries and longer periods and a wider scope for least developed countries. Section II of the agreement contains innovative special and differentiated treatment provisions that link implementation by developing countries and LDCs to the acquisition of the ability to implement the agreement for the first time in WTO history (see box).

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