WTO Director-General Roberto Azevêdo speaks at 2016 WTO Forum WTO

WTO trade facilitation agreement now in force

Agreement has enormous potential for reducing trade costs and times and for agriculture could reduce trade costs by 10.4%.

Good trade policies often come to those who wait — and work hard to demonstrate their real economic advantages, like the more transparent and uniform trading procedures included in the World Trade Organization’s (WTO) newly in-force Trade Facilitation Agreement (TFA).

“The Trade Facilitation Agreement is the biggest reform of global trade this century,” WTO Director-General Roberto Azevêdo said in the

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