The WTO Trade Facilitation Agreement (TFA) came into force last week (22 February), with the ratification of two-thirds of WTO members. The TFA is going to be a game-changer for international trade.
Some estimates suggest that implementing TF reforms can bring bigger benefits for businesses than tariff liberalisation.
In this ‘TIPS Trade Insights’ we explore what the TFA means for the Sri Lankan Businesses & six next steps & messages to government.
This note was produced under the Trade Intelligence for Private Sector (TIPS) initiative of the Ceylon Chamber of Commerce as service to our members, to raise awareness, and to advocate for Further Action