WCO Adopts Trade Facilitation Agreement

March 21, 2017

Posted by Anne van de Heetkamp

Thought Leadership, Global Trade Management

 

The benefits of reducing global trade costs, which is the goal of the Trade Facilitation Agreement, are evident: in 2013 the OECD estimated that a 1% reduction in global trade costs would result in over $40 billion in worldwide income. Developing countries would benefit from 65% of that $40 billion.

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