Trade Facilitation Agreement (TFA)

21st Feb, 2016

Trade Facilitation Agreement (TFA) 

Cabinet approved the Proposal for Notification of Commitments under the Trade Facilitation Agreement (TFA) of World Trade Organization (WTO) and constitution of the National Committee on Trade Facilitation (NCTF). 

The Trade Facilitation Agreement contains provisions for expediting the movement, release and clearance of goods, including goods in transit.

It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues.

National Committee on Trade Facilitation (NCTF). 

Would be set up under the Joint Chair of Secretary, Department of Revenue and Secretary, Department of Commerce.