WTO: 2016 PRESS RELEASES

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TECHNICAL ASSISTANCE


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The Trade Facilitation Agreement, the WTO’s first multilateral trade deal in 20 years, will enter into force once two-thirds of WTO members have ratified it. To date, 86 members have done so. The Facility — created at the request of developing countries and LDCs — became operational in November 2014 when the General Council adopted the Trade Facilitation Agreement Protocol, inserting the new Agreement into the WTO rulebook.

Director-General Roberto Azevêdo said: “I welcome Chinese Taipei’s generous contribution, which will support developing and least-developed countries in implementing the Trade Facilitation Agreement. Reducing the time and costs to move goods across borders will increase the economic prospects of these countries and help them to better integrate into the global economy.”

The Permanent Representative of the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu to the WTO, Dr Shin-Yuan Lai, said: “By contributing to the Facility, we aim to help developing and least-developed countries increase their capacity to implement the WTO’s new Trade Facilitation Agreement. This agreement will be key in helping poorer members to achieve economic growth through trade.”

Overall, Chinese Taipei has donated nearly CHF 2 million to WTO trust funds in 15 years.

More information on trade facilitation and the TFA can be found at www.wto.org/tradefacilitation.

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