The Global Alliance for Trade Facilitation is a not-for-profit venture jointly led by the International Chamber of Commerce, the World Economic Forum and the Center for International Private Enterprise – in cooperation with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
The Alliance was launched at the World Trade Organization’s 10th Ministerial Conference in December 2015 and is supported by the governments of the United States, Canada, the United Kingdom, Australia and Germany.
We believe that international trade should be simple, fast and cost-effective, creating new business opportunities, enabling greater economic and social development and reducing poverty.
The Alliance brings together the public and private sectors to identify and deliver common sense trade reforms in developing and least developed countries.
Our work is designed to help governments implement the World Trade Organization’s Trade Facilitation Agreement.
What is the Trade Facilitation Agreement?
The Trade Facilitation Agreement (TFA) is a binding multilateral trade agreement between members of the World Trade Organization (WTO). The TFA was concluded in December 2013 and officially entered into force in February 2017. The agreement is designed to tackle the barriers to trade posed by burdensome border requirements. These barriers make it harder for businesses of all sizes to trade internationally but hurt small and medium-sized enterprises the most.
By signing up, countries commit to reducing red tape at borders – from measures to ensure quicker release and clearance of goods to better cooperation between border agencies. These reforms will increase transparency and efficiency, reduce bureaucracy and corruption and ultimately make trade simpler, faster and more cost-effective. The TFA is a unique opportunity to further development goals such as sustainable growth, poverty reduction and gender equality. Taken together, reforms have the potential to reduce trade costs by 14.3% on average and create around 20 million jobs, mostly in developing countries.