Eu Trade Facilitation Agreement

Posted: April 9, 2021 by Podwits Administrator in Uncategorized

At the same time, the EU recognises the value of a special trade facilitation mechanism and has therefore made an initial contribution of EUR 9.6 million to the World Bank`s trade aid programme. This mechanism will provide more modest measures to provide the first accelerated funding, to assist orphans and to fill gaps in current or planned trade facilitation assistance. The agreement is important. The main objective is to reduce trade costs by reducing bureaucracy when goods cross borders. It therefore requires lighter procedures, documents carried out as simple as possible, etc. It also takes new paths by allowing developing countries to promise to reform their procedures, provided they receive assistance to implement them. Many non-tariff measures have been identified and are governed by the General Agreement on Tariffs and Trade (GATT), such as quantitative restrictions. B; others, in particular. B, import licences; Technical barriers to trade as well as health and plant health measures are covered by other multilateral agreements of the World Trade Organization (WTO). Requests for trade facilitation assistance can be made to the following agencies: Several studies and benchmarks to measure the perception of administrative barriers to trade by traders indicate the trade facilitation environment in the CTA region. For example, the World Bank`s “border crossing” indicators indicate that the parties to the CTAE are doing better than other economies in transition in terms of the time and costs associated with the logistics process of exporting and importing goods. Albania, Serbia and the former Yugoslav Republic of Macedonia are the best results, indicating that, according to these indicators, traders face less procedural barriers to trade in these economies. The author, Dr.

Predrag Bjelic, is a professor of international business; Head of the Department of International Economics at the Belgrade Faculty of Economics and academic coordinator of UNCTAD courses on key issues of the International Economic Agenda (paragraph 166 courses) for economies in transition. As a result of lower tariffs, many countries are increasingly resorting to non-tariff measures as trade management instruments and often to protect domestic markets from imports. Today, the watchword in international trade is trade facilitation. Trade-related administrative and procedural measures can significantly hamper the efficiency of the flow of goods across national borders. The new WTO Trade Facilitation Agreement was developed to strengthen multilateral provisions to eliminate, within the WTO legal framework, the effects of these measures on trade barriers.

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