The AFL was created to help developing and least developed countries (LDCs) reform their trade facilitation practices in a manner consistent with the measures of the WTO Trade Facilitation Agreement reached at the 9th WTO Ministerial Conference in Bali, Indonesia, in December 2013. Interested members are invited to exchange their needs assessments or implementation plans through these Australian contact points, as this will contribute to the consideration of trade assistance options. 19 September 2017: Reducing costs and improving trade in Europe and Central Asia: World Bank Group brings government and business together to share experiences on trade facilitation reforms and improve border coordination March 28, 2019: The Right Balance: Minimizing Risks to Food Security and Facilitating Trade in Northern Macedonia The commitment to open trade and investment in Australia has helped to achieve a quarter year of economic growth. To build on this, Australia must continue to reduce the bureaucracy of merchants. The WTO Trade Facilitation Agreement (TFA) came into force in February of this year and will do so. This is the first new agreement that all WTO members have joined since its inception in 1995. Partnerships are essential to support the banking group in the area of AFA, to maximize coordination and coherence and to ensure that development resources and external skills are used in the most effective manner. As a founding member of the Annex D Group of Trade Facilitation Organizations, the World Bank Group has worked closely with partners at the global, regional and national levels – and we have supported the group`s expansion to new members. The World Bank Group has also contributed to the development of implementation monitoring instruments, such as OECD trade facilitation indicators.
July 18, 2019: Sierra Leone: Improved trade facilitation begins to bear fruit on July 24, 2018: Sri Lankan merchants move closer to the global market.23 February 2018: New book to the STDF policy committee: “Driving safe trade solutions worldwide” 21 August 2019: ePhyto: Promoting safe and efficient trade 4 November 2019: Ending the invisibility of traders Contact details are available on www.dfat.gov.au/missions 3 June 2019: What does it do to act across borders? April 1, 2019: Zambia: Donor partners see trade improvements While Australia is at the forefront of best practices in trade facilitation, we will benefit from the implementation of the agreement by our trading partners. A 2015 OECD study concluded that Australia would benefit, in the form of bilateral trade flows and reduced trade costs, from the adoption of measures, including availability of information, preliminary rulings, royalties and royalties, automation and streamlining of procedures. 20 November 2019: Trade simplification boosts Kosovo businesses In order to secure support under the programme, countries should make a strong commitment to implementing trade facilitation reforms in the areas covered by the ASA. In addition, the TFSP will prioritize aid to countries with limited access to other donors. Requests for technical assistance can be sent directly to the Trade Facilitation Support Program or through WBG offices and partners. The OECD estimates that full implementation of the TFA could reduce trade costs by 17.5% worldwide. In addition, the Peterson Institute estimates that the TFA could increase global GDP by $1 trillion per year and create up to 21 million jobs. 9 October 2017: Sri Lanka`s trade facilitation reform can lead to culture change 18 June 2019: Continuing the effectiveness of trade facilitation reforms: What difference does a day make? In order to create and maintain reform drive, the TFSP focuses on rapid response measures.