THE POSITIVE IMPACT ON THE ECONOMY IF THE TFA IS FULLY IMPLEMENTED
Expectations for the agreement are high. It is well known that the implementation of a large trade facilitation agenda can contribute to bettering the ways in which government revenues are collected, as well as to enhancing conditions for foreign investors. Its high importance is also shown by the fact that The TFA was the first agreement concluded at the WTO by all of its members.
Africa is the region expected to benefit the most from implementation of the Agreement, with an estimated 16.5% reduction in costs. By income group, the least developed countries are expected to achieve the greatest reduction in costs, of about 17%.
For more details about TFA, please download a copy of the agreement here