Nepal ratifies Trade Facilitation AgreementStaff Writer | January 26, 2017
Nepal has ratified the Trade Facilitation Agreement (TFA), making it the 108th WTO member to do so.
Trade talks The 108th WTO member
Nepal's WTO ambassador Deepak Dhital submitted the country's instrument of acceptance to WTO Director-General Roberto Azevêdo on Wednesday. The parliament had ratified the TFA last week. Nepal is the 14th least developed country (LDC) to ratify the agreement.
Concluded at the WTO's 2013 Bali Ministerial Conference, the TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit.
It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. It further contains provisions for technical assistance and capacity building in this area. ■