Canada Trade Facilitation Agreement

2. The parties may periodically review the work programme covered in this article in order to agree on further cooperation measures that may be necessary to promote the implementation of trade facilitation commitments and principles, including new measures that could be adopted by the parties. The WTO, WTO members and other intergovernmental organizations, including the World Bank, the World Customs Organization and the United Nations Conference on Trade and Development (UNCTAD), provide technical assistance to trade facilitation. In July 2014, the WTO announced the creation of a trade facilitation mechanism that helps developing countries and LDCs implement the Trade Facilitation Agreement. The facility came into force on 27 November 2014 with the adoption of the Trade Facilitation Protocol. (b) with respect to Jordan, any company incorporated pursuant to a bilateral agreement between the Government of Jordan and another country, or created in accordance with a cabinet decision or special law. (b) the procedures are based on all international trade instruments or standards on which the parties have agreed; contribute to the harmonious development and expansion of world and regional trade and to the catalyst for broader international cooperation; The aim of the agreement is to modernise and simplify customs and border procedures and reduce trade costs. Most of the economic benefits should go to developing countries. 1.

Subject to the provisions of paragraph 2, any issue raised by this agreement and the WTO Free Trade Agreement or any other free trade agreement to which both parties are a part may, at the discretion of the complainant, be resolved in any forum. Bureaucratic delays and „bureaucracy“ weigh on traders for cross-border trade. Trade facilitation – the simplification, modernization and harmonization of export and import processes – has therefore become an important issue for the global trading system. (a) have expertise or experience in international law, international trade, other matters covered by this agreement or in the settlement of disputes arising from international trade agreements; In order to achieve the objectives of this agreement and to support the implementation of its provisions and to assist the parties in maximizing the opportunities and benefits of this agreement, the parties declare their readiness to review, where appropriate and subject to the availability of resources, trade-related technical assistance. Many international financial institutions, donors, United Nations agencies, the World Customs Organization and non-governmental organizations are also involved in supporting programs and finding practical solutions to facilitate trade. Canada actively supports technical assistance and capacity building efforts that will help developing countries meet higher border management standards and agrees to incorporate these elements as integral parts of the negotiations. Since the July 2004 Agreement on Trade Facilitation Arrangements, Canada and other proponents of trade facilitation have submitted more than 35 text proposals on specific measures covering all the essential elements of possible clarification and improvement of the relevant aspects of the current 1994 GATT Article V, VIII and X, which could ultimately become part of an agreement. Canada is the co-sponsor of three such proposals dealing with binding prejudicial decisions for the classification of customs, the coordination of border authorities (both across borders and between crimeing agencies on one side of a border) and the separation of the release of goods from customs clearance procedures. Canada is also one of the co-sponsors of the potential trade facilitation agreement.