Trade Groups Working Toward Ratification by Remaining Countries for TFA Implementation
The U.S. Chamber of Commerce is working with other organizations to get the final countries needed to ratify the Trade Facilitation Agreement “across the finish line,” it said (here). Another 15 countries must ratify TFA to meet the requirement that…
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two-thirds of the WTO, 109 members, ratify it before TFA takes effect. The U.S. Chamber co-hosted the India-United States Workshop on Trade Facilitation in New Delhi alongside the Federation of Indian Chambers of Commerce and Industry and the U.S. India Business Council (USIBC) to present the India-United States Workshop on Trade Facilitation, “bringing together public and private sectors to find a path forward for India’s implementation of the TFA.” The chamber is also a “proud supporter” of the Global Alliance for Trade Facilitation, a group established to promote TFA implementation (see 1512180016). “We need to get the final 15 countries across the finish line by ratifying the agreement and then working together towards implementation,” the U.S. Chamber of Commerce said.