At the 9th Ministerial Conference in Bali, 3-6 December 2013, the text of the WTO Trade Facilitation Agreement (WTO TFA) was agreed after ten years of negotiations. The entry into force of the Agreement is still pending but the adoption of the text is already considered a milestone for the WTO and for trade facilitation.
In fact, it is the only major outcome of the ambitious Doha Round of Trade Negotiations. Economic studies point to the economic and trade benefits of trade facilitation reforms, and governments and business alike view the WTO TFA as providing a global framework of disciplines that countries commit to in order to facilitate trade
The itinerary provides an overview of the history of the negotiations, the substantive and procedural obligations of the Agreement, and an overview of implementation-related related aspects.
The WTO TFA therefore provides a legal framework for the WTO members to follow to facilitate trade.