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Long-awaited Trade Facilitation Agreement enters into force at WTO

February 22, 2017 at 12:15 PM
The World Trade Organization's first multilateral deal -- the Trade Facilitation Agreement -- entered into force on Feb. 22 with the completion of formal notification from two-thirds of the WTO membership that they had ratified the long-awaited agreement. The United States on Jan. 23, 2015 became the third WTO member to ratify TFA, and following a series of missed deadlines attributable to various countries and issues, Rwanda, Oman, Chad and Jordan completed the process by notifying the WTO of ratification...

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