Significance of Trade Facilitation Negotiations at the WTO Google+

Wednesday, July 20, 2011

Significance of Trade Facilitation Negotiations at the WTO

The significance of trade facilitation negotiations at the WTO is inscribed in paragraph 27 of the Doha Ministerial declaration where Members agreed to trade facilitation negotiations so as to; expedite the movement, release and clearance of goods including goods in transit, and enhance technical assistance and capacity building in this area. Members agreed to review and as appropriate, clarify and improve relevant aspects of Articles V, VIII and X of the GATT 1994. Within the framework of trade facilitation negotiations, WTO members agreed to identify needs and priorities of Members, in particular developing and least-developed countries. Noting the significance of trade facilitation, members committed to ensuring adequate technical assistance and support for capacity building in the area of trade facilitation.

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