Committee on Trade Facilitation meets for the first time

Dhaka,  Tue,  26 September 2017
Published : 17 May 2017, 12:39:01

Committee on Trade Facilitation meets for the first time

Committee on Trade Facilitation meets for the first time
FE Online Report
Members of the World Trade Organization (WTO) gathered on Tuesday for the inaugural meeting of the Committee on Trade Facilitation, according to a press statement of the organisation.

The committee is the body responsible for overseeing implementation of the WTO’s historic Trade Facilitation Agreement (TFA).

At the inaugural meeting, members elected Mr Daniel Blockert, Ambassador of Sweden at Geneva, as chair of the committee.

“Having the committee now in session marks an important milestone in our longstanding efforts to foster the facilitation of trade around the globe,” Ambassador Blockert said.

“We have finally reached the stage where our collective engagement over the past years is bearing fruit. In doing so, we are testimony of what can be achieved – even under challenging circumstances – when working in coalitions of a common cause,” he added.

Concluded at the WTO’s 2013 Bali Ministerial Conference, the TFA entered into force on 22 February 2017 following its ratification by two-thirds of the WTO membership.

In line with the Agreement, the Committee on Trade Facilitation was established in order to provide WTO members a forum to consult on matters related to the operation of the TFA and the advancement of its objectives.

- AK
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