Public Corruption Must Be Addressed In Trade Facilitation

Law360, New York (March 14, 2014, 12:37 PM EDT) -- With the finalization of a trade facilitation agreement (TFA) at the conclusion of the 9th Ministerial Conference in Bali, Indonesia, on Dec. 7, 2013, the World Trade Organization proved that it is not dead.

Significantly, the TFA is the first WTO trade agreement concluded since 1998 and the first fully multilateral trade agreement negotiated under the auspices of the WTO. The Organization for Economic Cooperation and Development estimates that these customs reforms would lower the total trade cost of shipping goods by 10 to 15 percent...
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