You are here
Advanced course ends for chairs of National Committees on Trade Facilitation
An Advanced Course for the chairs of National Committees on Trade Facilitation took place from 30 January to 10 February at the WTO headquarters to help prepare the participants for the implementation of the Trade Facilitation Agreement (TFA). It was attended by 23 government officials from 20 French-speaking countries and from the Economic and Monetary Community of Central Africa (CEMAC).
The WTO Trade Facilitation Agreement Facility (TFAF) is organizing a series of advanced courses for the chairs and other officers of NCTFs. English courses were successfully organized in June and November 2016 and a Spanish course will take place in March 2017.
The courses are particularly timely in light of the imminent entry into force of the TFA, which currently requires just two further ratifications.
The purpose of the courses is to enhance the officials' knowledge of the TFA, to familiarize them with their responsibilities as Committee members or technical experts, and to provide them with some of the tools needed to carry out their functions. In addition, the courses provide participants with an opportunity to build a network of contacts, including with capacity-building organizations that will provide technical assistance to support the implementation of the TFA.
The courses are co-organized with the World Bank Group, World Customs Organization, the International Trade Centre, the United Nations Conference on Trade and Development and the UN Economic Commission for Europe. The Enhanced Integrated Framework, the Global Alliance for Trade Facilitation, the International Air Transport Association and the Standards and Trade Development Facility have also participated.
The TFA has a huge potential to reduce trade costs thereby boosting trade between countries and raising world income. OECD studies find that the implementation of the TFA could reduce worldwide trade costs between 12.5% and 17.5%. Developing country exports are expected to grow between 14% and 22% while becoming more diversified. Companies are more likely to become more profitable which should encourage domestic investment. In addition, foreign direct investment is likely to be attracted to countries that fully implement the TFA. Finally, increased trade means better employment prospects for workers and greater revenue collection by the government.