Impacts of Trade Facilitation
2 Pages Posted: 10 Jan 2020
Date Written: December 18, 2019
Abstract
Trade facilitation could be defined in many ways but most prominent definition of the trade facilitation is adopted by the WTO i.e. the simplification and harmonization of international trade procedures, with trade procedures being the activities, practices and formalities involved in collecting, presenting, communicating and processing data required for the movement of goods in international trade. In other word “Trade Facilitation” refers to the simplification, harmonization and automation of international trade procedures, particularly import and export procedures, transit requirements and procedures applied by customs and other agencies. Implementing trade facilitation parameters could help a country to perform better in the Ease of Doing Business too.
Keywords: Trade Facilitation; TF; Impact of Trade Facilitation
JEL Classification: F13; F18
Suggested Citation: Suggested Citation