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Negotiations and Implications of the Trade Facilitation Agreement in the WTO

Negotiations and Implications of the Trade Facilitation Agreement in the WTO ARTICLE Luis E. Mayaute Vargas** BACKGROUND The Doha Round1 aims to significantly reform international trade through the establishment of measures, among others, to reduce trade barriers and revise trade rules with a program of work covering some twenty areas of trade including Agriculture; Services; Market Access for Non-Agricultural Products (NAMA); Aspects of Intellectual Property Rights Trade-Related; Trade Facilitation; Dispute Settlement Understanding; and Trade and Development. Given the difficulty associated with any agreement by all of the Members of the World Trade Organization (WTO), however, the prospects for tangible results in all areas under negotiation have been burdened with the problem of the increasing lack of credibility of the Organization after a long period without meaningful results. To seek to overcome this, Members agreed to focus their efforts on an `early harvest', targeted at three pillars: agriculture, development, and trade facilitation. Of these three, the most important area for its multiplier effect on the liberalization of trade in the global economy is the Trade Facilitation Agreement;2 the negotiations ended during the Ninth Ministerial Conference (MC9) held in Bali, Indonesia, from 3 to 7 December 2013. Trade facilitation became a formal topic of discussion at the WTO after the Singapore http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Global Trade and Customs Journal Kluwer Law International

Negotiations and Implications of the Trade Facilitation Agreement in the WTO

Vargas
Global Trade and Customs Journal , Volume 9 (12) – Nov 1, 2014
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Kluwer Law International
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Copyright © Kluwer Law International
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1569-755X
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Abstract

ARTICLE Luis E. Mayaute Vargas** BACKGROUND The Doha Round1 aims to significantly reform international trade through the establishment of measures, among others, to reduce trade barriers and revise trade rules with a program of work covering some twenty areas of trade including Agriculture; Services; Market Access for Non-Agricultural Products (NAMA); Aspects of Intellectual Property Rights Trade-Related; Trade Facilitation; Dispute Settlement Understanding; and Trade and Development. Given the difficulty associated with any agreement by all of the Members of the World Trade Organization (WTO), however, the prospects for tangible results in all areas under negotiation have been burdened with the problem of the increasing lack of credibility of the Organization after a long period without meaningful results. To seek to overcome this, Members agreed to focus their efforts on an `early harvest', targeted at three pillars: agriculture, development, and trade facilitation. Of these three, the most important area for its multiplier effect on the liberalization of trade in the global economy is the Trade Facilitation Agreement;2 the negotiations ended during the Ninth Ministerial Conference (MC9) held in Bali, Indonesia, from 3 to 7 December 2013. Trade facilitation became a formal topic of discussion at the WTO after the Singapore

Journal

Global Trade and Customs Journal – Kluwer Law International

Published: Nov 1, 2014

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