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Smt Nirmala SitharamanMoS(I/C) Ministry of Commerce & Industry Trade Facilitation Agreement (TFA) envisages faster clearances and would bring more transparency in trade process; To further boost our Ease of doing Business Initiative; Industry and its various associations to be associated in the consultation process while implementing the different provisions of the TFA

News and Press Release - Dated:- 3-5-2016 - The Minister of State (Independent Charge) for Commerce & Industry, Smt. Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian trade and would bring more transparency in trade process. She said that after TFA ratification, the world wide best trade .....

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ing attached to her Ministry on the subject of Implementation of Trade Facilitation Agreement here yesterday. The Minister of State (Independent Charge) for Commerce & Industry, Smt. Sitharaman said through trade facilitation member countries would seek to simplify trade procedures and help promote cross border trade, bring greater predictability to traders and help improve the overall climate for trade and investment. She said that TFA is supposed to enable domestic manufacturers, particula .....

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led presentation on Trade Facilitation Agreement and the issues concerning its implementation etc was made by Shri Dammu Ravi, Joint Secretary, Ministry of Commerce. He gave a detailed presentation highlighting the important provisions of TFA. He also gave a brief background on TFA of WTO, its importance, important provisions under TFA and various provisions with regard to its implementation among others. He said that TFA is divided into three parts. Section 1 contains provisions on simplificati .....

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termine which commitments to implement immediately upon entry into force of the TF Agreement and which it wants to implement in a phased manner. This Section allows each development country to categorize the provisions of Articles 1-12 of the TFA into three categories A , B and C . Category A contains provisions that a developing country member designates for implementation upon entry into force of this agreement or in case of LDC member within one year after entry into force; Category B contain .....

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port for capacity building. Section 3 deals with institutional mechanism for setting-up a National Committee on Trade Facilitation for domestic cooperation and implementation. India has notified its Category A commitments to the WTO and has ratified the TFA domestically and would be depositing the instrument of ratification to WTO by end of April 2016. India has also initiated the process to set-up a National Committee on Trade Facilitation (NCTF) to domestically coordinate and implement the TFA .....

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