World Trade Facilitation Agreement

World Trade Facilitation Agreement

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. 4.1 Members strive to establish or maintain a single time window allowing economic operators to provide participating authorities or agencies with documents and/or data requirements for the importation, export or transit of goods through a single port of entry. After reviewing the documentation and/or data by the relevant authorities or agencies, the results are communicated to applicants in a timely manner through the single window. 3. Members of developing countries and least developed countries seeking trade assistance and capacity-building assistance provide the committee with information on the contact points of the or offices responsible for coordinating and prioritizing this aid and assistance. (c) the member immediately terminates or suspends the notification or guidelines when the circumstances leading to it are no longer present or when the amended circumstances may be treated less restrictively; and 12.2 Nothing in this article should be construed in such a way that it alters or affects a member`s rights or obligations under these bilateral, multilateral or regional agreements or regulates the exchange of customs information and data under these other agreements. The TFA aims to expedite trade procedures, including the transfer, release and release of goods. Its full implementation could boost global trade by $1 trillion per year and reduce trade costs by 14.3% for low-income countries and more than 13% for middle-income countries. 3. Members of the least developed countries should make commitments only to the extent that they meet their individual development, financial and trade needs or administrative and institutional capacities. 4.4 Each member is based on a risk assessment based on appropriate selectivity criteria. These selectivity criteria may include, among other things, the harmonized system code, the nature and designation of goods, the country of origin, the country of origin, the value of the goods, the registration of distributor compliance and the type of means of transport.

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