Notícies

Wto Trims Agreement Text

The World Trade Organization (WTO) recently announced that it has agreed to trim its text on the Trade Facilitation Agreement (TFA). The TFA is an international agreement that aims to simplify and streamline trade procedures between countries. The agreement was first agreed upon in 2013 and entered into force in 2017.

The decision to trim the text was made as part of the WTO’s efforts to make its agreements more user-friendly and accessible. The TFA is a complex document, with 24 articles and numerous annexes, and the WTO hopes that reducing its length will make it easier for members to implement and comply with.

The trimming process is being conducted in accordance with a set of guidelines that were developed by the WTO Committee on Rules and Procedures for the Negotiation of New or Revised Agreements in 2015. These guidelines aim to ensure that the trimming process does not alter the substance of the agreement.

The WTO has stated that the trimming process is expected to reduce the length of the TFA by around 10%, or 40 pages. This reduction will be achieved by removing duplicative and unnecessary text, and by consolidating and simplifying the language used in the agreement.

The decision to trim the TFA text has been welcomed by many in the business community, who believe that the simplification of the agreement will make it easier for companies to trade across borders. It is hoped that the streamlined text will help to reduce the administrative burden of complying with the agreement, and that this will encourage more businesses to take advantage of the benefits it offers.

The trimming process is expected to be completed by the end of 2021, with the revised text set to be published in early 2022. The WTO has stated that it will continue to monitor the implementation of the TFA, and that further revisions may be made in the future if necessary.

In conclusion, the decision to trim the text of the WTO’s Trade Facilitation Agreement is a positive development for businesses and trade facilitation professionals. The simplified language and streamlined text should make it easier for companies to comply with the agreement and take advantage of the benefits it offers. The trimming process is being conducted in accordance with strict guidelines to ensure that the substance of the agreement is not altered, and it is expected to be completed by the end of the year.