WTO Trade Facilitation Agreement
Also called: TFA
The WTO agreement, in force since 2017, that commits members to speed up the movement, release and clearance of goods through measures such as publication of rules, advance rulings, pre-arrival processing, risk management, authorised operators and single windows. Developing countries can implement some provisions over time with support.
In practice
The TFA gives traders a reference point when asking for advance rulings or faster release in partner countries.
EU
Türkiye
UK
USARelated terms
- World Trade Organization
- The international organisation that administers multilateral trade agreements, including GATT, the agreements on customs valuation, rules of origin,…
- Single window
- A facility letting traders submit all import, export and transit information once, to be shared among customs and other government agencies…
- Authorised Economic Operator
- A status granted by customs to operators that meet criteria on compliance, record-keeping, financial solvency and, for the security type, safety…
- Revised Kyoto Convention
- The WCO convention setting standards for simple, predictable and efficient customs procedures, revised in 1999 and in force since 2006. Its General…