Trade Facilitation Agreement Negotiation

Since the Trade Facilitation Agreement was seen as a non-binding document and not as a set of incentives for developed, developing and least developed countries, it had left many developing and least developed countries doubting that the most prosperous countries were fulfilling their aid obligations. Many African nations are wondering how this agreement can benefit them not only for international trade, but also for interregional trade. [7] As a result, many developing countries are still not in a position to fully commit to ratifying this agreement. Industrialized countries have been able to commit to the agreement because they are able to meet its requirements.

Posted in Uncategorized.