January 30, 2019: Leave your hammocks at home: As a customs union between Guatemala and Honduras reduces negotiating times from 10 hours to 15 minutes April 1, 2019: Zambia: Donor partners see trade improvements In order to create and maintain a reform dynamic, TFSP attaches importance to rapid measures to respond. In addition, the program can fund certain interventions that are not specifically covered by DSDs, but which support its goal of creating more open exchange systems and having a greater impact. 18 June 2019: Tracking the effectiveness of trade facilitation reforms: What difference does a day make? First, interested members should contact the Australian Embassy or the High Commission. The contact information is available at www.dfat.gov.au/missions The Trade Facilitation Support Program (TFSP), managed by the World Bank Group`s Macroeconomics strategy, Trade and Investment (MTI), provides assistance to countries seeking to align their trade practices with the World Trade Organization (WTO) Trade Facilitation Agreement that came into force in February 2017. The programme helps developing countries reform laws, procedures, procedures, systems and consultation mechanisms under the WTO ACCORD. July 24, 2018: Bringing Sri Lankan Distributors Closer to the Global Market TfSp was created to help developing countries and LDCs reform their trade facilitation practices, in line with the measures of the WTO Trade Facilitation Agreement reached at the 9th WTO Ministerial Conference in Bali, Indonesia, in December 2013. Trade facilitation plays an important role in development. It improves the competitiveness of countries and allows them to trade goods and services on a one-time basis and lower transaction costs. 9 October 2017: Sri Lanka`s trade facilitation reform can lead to culture change 19 September 2017: Reducing costs and improving trade in Europe and Central Asia: The World Bank Group brings government and business together to share their experiences on trade facilitation reform and improve border coordination. The programme helps developing countries benefit from increased commercial and foreign investment, increasing the competitiveness of private trade. Since its inception, the TFSP has supported more than 47 countries, the majority in sub-Saharan Africa (26%) 2000. 20 November 2019: Trade simplification boosts Kosovo businesses 16 May 2019: Jamaica: Major improvements in trade facilitation in the Caribbean 21 August 2019: ePhyto: Promoting safe and effective trade Australia`s commitment to open trade and investment has helped generate a quarter century 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. 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. 18 July 2019: Sierra Leone: Improved trade facilitation will begin to bear fruit on 3 June 2019: what about women taking action across borders? March 28, 2019: The World Bank Group implements the TFSP based on the unique expertise of the World Bank and the International Finance Corporation (IFC).