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Customs

Botswana ratifies Trade Facilitation Agreement

Publish Date: 
23 Jun 2015

Botswana has become the eighth World Trade Organisation (WTO) member to ratify the new Trade Facilitation Agreement (TFA). The WTO Secretariat received the country’s instrument of acceptance on 18 June 2015.

The TFA will only enter into force once two thirds of the WTO membership has formally accepted the Agreement.  In addition to Botswana, Hong Kong, China, Singapore, the United States, Mauritius, Malaysia, Japan and Australia have ratified the TFA.

Concluded at the WTO’s 2013 Bali Ministerial Conference, the TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. It further contains provisions for technical assistance and capacity building in this area.

The TFA broke new ground for developing and least-developed countries in the way it will be implemented. For the first time in WTO history, the requirement to implement the Agreement was directly linked to the capacity of the country to do so. In addition, the Agreement states that assistance and support should be provided to help them achieve that capacity.

A Trade Facilitation Agreement Facility (TFAF) was also created at the request of developing and least-developed  country members to help ensure that they receive the assistance needed to reap the full benefits of the TFA and to support the ultimate goal of full implementation of the new agreement by all members.






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