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Customs Glossary/TFA – Trade Facilitation Agreement

TFA – Trade Facilitation Agreement

General

PL: TFA – Porozumienie o ułatwieniach w handlu | DE: TFA – Handelserleichterungsabkommen

Definition

The TFA (Trade Facilitation Agreement) is a 2017 WTO agreement requiring members to simplify customs procedures, increase transparency, and use electronic technologies. Key provisions include: publication of customs laws, right of appeal, fees limited to service costs, simplified release procedures, and border agency coordination. TFA is estimated to reduce trade costs by 14.3%.

Related Terms

TFA – Trade Facilitation Agreement — Customs Glossary | Celna24.com | Celna24.com