Feb 19, 2016: Cabinet approves proposal to notify Trade Facilitation Agreement (TFA)

General Studies: Daily Capsule

Curtain Raiser –News Update (Feb 19, 2016)

Trade Facilitation Agreement (TFA) of the WTO (World Trade Organization)	The Cabinet has approved a proposal  for ratification of TFA
Aim:	To simplify customs regulations for cross-border movements of goods
“These objectives are in consonance with India’s ‘Ease of Doing Business’ initiative
The TFA requires developing countries to build infrastructure for faster and hassle-free clearance of cross-border shipments.

Source:  Cabinet approval for trade facilitation pact ratification, Feb 19, 2016, The Hindu