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Tag Archives: $3.6trn boost to trade from deal to cut red tape: WTO

$3.6trn boost to trade from deal to cut red tape: WTO

The benefits of a treaty that will cut red tape at borders and standardise customs procedures are much larger than previously thought and could add $3.6 trillion to annual global exports, the World Trade Organization (WTO) said in a report on Monday. The WTO’s trade facilitation agreement (TFA), struck at a ministerial conference in Bali in December 2013, will do ...

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