The International Air Transport Association (IATA) has welcomed the entry into force of the Trade Facilitation Agreement (TFA). This follows the ratification of the treaty by two-thirds of the members of the World Trade Organization (WTO). "The Trade Facilitation Agreement will cut red tape at the border for faster, cheaper and easier trade. That’s great news for airlines, which deliver about a third of the goods traded across borders by value. And it’s a particularly timely reminder … [Read more...] about IATA welcomes entry into force of WTO Trade Facilitation Agreement
Trade Facilitation Agreement
E-progress in September, global penetration now 34%
In September 2015, e-AWB global penetration is at 34.1 per cent, up by 2.4 per cent from previous month making this the second month with over two per cent growth. Ethiopian Airlines (ET) were the growth leaders in September with an increase of 8.5 per cent reaching 63.2 per cent e-AWB penetration. China Airlines (CI) followed closely, increasing by 7.2 per cent to reach 45.3 per cent penetration. In 2015, the overall rate of e-AWB adoption is progressing despite often challenging … [Read more...] about E-progress in September, global penetration now 34%
Agility welcomes WTO approval of TFA
Agility has issued the following statement signed by its CEO Tarek Sultan in response to the recent approval by the World Trade Organization (WTO) of the trade facilitation agreement (TFA) measures that would add US$1 trillion to the global economy through new rules on customs and cross-border trade. "Today's WTO agreement offers real hope for small businesses, farmers, job seekers and others in rich and poor countries alike. Though there's no magic in the WTO package, the measures included … [Read more...] about Agility welcomes WTO approval of TFA
WTO talks fail as India derails process
Negotiations for the first major global accord in the World Trade Organisation’s 19-year history which would have standardised customs rules, collapsed today over food-subsidy objections raised by India. Negotiators for a Trade Facilitation Agreement at WTO headquarters in Geneva failed to agree as a midnight deadline passed to implement part of the accord by the end of July as India refused to proceed without assurances the pact would allow it to keep protections for its … [Read more...] about WTO talks fail as India derails process
