On February 2017 the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) came into force as the global deal aimed at improving trade efficiency worldwide by cutting red tape at borders and increasing transparency by taking advantage of new technologies.The TFA implementation is expected to benefit companies’ operations and have a greater impact on international trade than the elimination of all the world’s remaining tariffs.
The business community is widely recognized to have an important role to play in the implementation process, ensuring that TFA reforms deliver tangible improvements in trading across borders. In this context, the World Economic Forum, the International Chamber of Commerce and the Centre for International Private Entreprise joined forces in the Global Alliance for Trade Facilitation, the first and unique public-private platform leveraging business expertise, leadership and resources to support effective trade facilitation reforms with measurable commercial benefits.
The Alliance benefits from the financial support from the US, Australia, UK, Canada and Germany and includes business partners such as Wal-Mart, A.P. Moller-Mærsk, DHL, FedEx, Agility, UPS, Cisco, Diageo, FiatChrysler and Brambles, among others.
In collaboration with companies, business associations and government agencies, the Alliance is currently scoping and developing projects in Vietnam, Colombia, Ghana, Kenya, Morocco, Sri Lanka and exploring engagement opportunities in Argentina, Brazil, Dominican Republic, Myanmar, Malawi and Zambia.
For more information please visit the Alliance website www.tradefacilitation.org or contact email@example.com.