🚀 Leveraging WCO Tools to Empower the Trade Facilitation Agreement (TFA)
Seven years since the Trade Facilitation Agreement (TFA) came into effect, we find ourselves in a moment of reflection and gratitude. This transformative agreement has reshaped global trade, making it more efficient and accessible for countries at all stages of development. At the World Customs Organization (WCO), we've had the privilege of supporting this journey, learning and growing alongside our Member countries.
The heart of our contribution lies in offering tools and guidance to help implement the TFA. The WCO Time Release Study (TRS) tool, for example, has been a cornerstone for Members striving to enhance their cargo release processes. This tool, while just one piece of the puzzle, has aided in identifying and overcoming barriers to swift and efficient trade, embodying the spirit of Article 7.6 of the TFA.
Our role in this global effort is but a part of a much larger picture. Every step forward has been the result of collaboration, dialogue, and a mutual desire to forge a more inclusive trade landscape. We're humbled by the dedication of everyone involved—from Customs officials on the ground to international partners—and inspired by the progress we've achieved together.
As we look ahead, the WCO remains committed to supporting its Members, learning from our experiences, and adapting to the evolving needs of global trade. The journey of the TFA is far from over, and we are excited to continue walking this path together, fostering a world where trade is a driving force for prosperity for all.
#WCO #WTO #TFA #TradeFacilitation #GlobalTrade #Collaboration
Today is the 7th anniversary of the #TradeFacilitation Agreement's entry into force! The TFA is estimated to have led to a $231 billion increase in trade in the first years of its implementation. Find out the latest indicators for remaining work here: https://bit.ly/2skBQ8f
