World Economic Forum [to 19 December 2015]
https://agenda.weforum.org/news/
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New International Alliance to Speed Implementation of WTO Trade Facilitation Deal
Community News 17 Dec 2015
:: The Global Alliance for Trade Facilitation, a major business-led initiative, was launched today to assist developing countries and speed implementation of the World Trade Organization’s Trade Facilitation Agreement
:: The landmark trade agreement could add over $1 trillion to global trade flows with huge gains for developing markets; but implementation will require significant private-sector support
:: The new alliance is hosted by the World Economic Forum, the Center for International Private Enterprise and the International Chamber of Commerce, with support from the governments of Canada, Germany, the United Kingdom and the United States; the Australian government will add to the donor support shortly
Nairobi, Kenya, 17 December 2015 – The World Economic Forum, the Center of International Private Enterprise and the International Chamber of Commerce along with the governments of Canada, Germany, the United Kingdom and the United States have today launched a major new partnership to support effective implementation of the World Trade Organization’s (WTO) landmark Trade Facilitation Agreement (TFA)—which could reduce trade costs by an average of 14.3% and create up to 20 million jobs, mostly in developing countries.
The Global Alliance for Trade Facilitation will provide a unique platform to leverage business expertise and resources in the implementation of customs and border reforms. While it is widely recognized that private-sector engagement will be critical for successful implementation of the TFA, the alliance is the first initiative to provide a global platform to bring business closer to the process of enacting reforms under the agreement…