WTO Agreement on Trade Facilitation - Highlights, Benefits & Challenges
WTO Agreement on Trade Facilitation - Highlights, Benefits and Challenges "Unequal Partners on level Playing Fields" Today, USA and India reached an understanding on Food Security and this has cleared the way for much awaited WTO Agreement on Trade Facilitation. I am placing before you the Highlights of the Agreement on Trade Facilitation and its impact on your business. Good News for Most: It is good news for those who are efficient and believes in proper documentation and systems. This will help in faceless transactions means through emails and internet. Bad News for some: It is bad news for those who are inefficient, does not have systems and lacks transparency in their operations. The purpose of Agreement on Trade Facilitation is to increase the velocity of trade it means competition will increase and efficiency and system oriented approach will survive in highly competitive market place. Unfortunately, ...