Trade Facilitation Agreement

The Trade Facilitation Agreement is the first multilateral trade agreement to be concluded since the WTO was established 20 years ago. Once it enters into force, the Agreement is expected to reduce total trade costs by more than 14 per cent for low-income countries and more than 13 per cent for upper middle-income countries by streamlining the flow of trade across borders. This brochure, produced to mark the WTO’s 20th anniversary, looks into the provisions of the Agreement and its potential benefits.