TFA Current Affairs, GK & News

Trade Facilitation Agreement

The government had approved a proposal to notify the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO) in February, 2016. The proposal regarding ratification and acceptance of the instrument of acceptance of protocol of TFA to WTO Secretariat was also approved by the Union Cabinet. National Committee on Trade Facilitation Government also decided ..

Topics: Bali Package • Economy • Foreign direct investment • International Relations • International Trade • Tariff • TFA • Trade facilitation • World economy • World government • World Trade Organization

Government releases National Trade Facilitation Action Plan

The Union Government released the 76 point National Trade Facilitation Action Plan (NTFAP). It was released by Union Finance Minister Arun Jaitley in New Delhi. The NTFAP has been adopted by the National Committee on Trade Facilitation (NCTF), reflecting Government’s commitment to implement the Trade Facilitation Agreement (TFA). Key Facts Aims of the action plan: ..

Month: Current Affairs - July, 2017

Topics: Ease of Doing Business • Government Policies • National Trade Facilitation Action Plan • NCTF • TFA • WTO

WTO's Trade Facilitation Agreement comes into effect

The Trade Facilitation Agreement (TFA) in Goods of World Trade Organisation (WTO) came into effect with its ratification by two-thirds members of WTO including India. The TFA in Goods was adopted by the WTO Members in 2014. It aims to streamline, simplify, standardise and ease customs procedures and norms. It will help to cut trade ..

Month: Current Affairs - February, 2017

Topics: International • International Treaties • TFA • Trade • WTO

First meeting of NCTF held in New Delhi

The first meeting of National Committee on Trade Facilitation (NCTF) was held in New Delhi to discuss ways for developing roadmap for implementation of WTOs trade facilitation agreement. It was headed by Cabinet Secretary P K Sinha and was attended by all 24 members along with secretaries of various ministries and departments like Home, Shipping, ..

Month: Current Affairs - October, 2016

Topics: Business • Economy • National • NCTF • TFA • Trade • WTO

Union Government constitutes National Committee on Trade Facilitation

The Union Government has constituted a National Committee on Trade Facilitation (NCTF) to develop the pan-India road map for trade facilitation. It has been constituted in line with the World Trade Organisation (WTO’s) Trade Facilitation Agreement (FTA), which India also has ratified. The NCTF will inter – ministerial body on trade facilitation and will be ..

Month: Current Affairs - August, 2016

Topics: Business • Committees • Economy • National • Pradeep Kumar Sinha • TFA • Trade • WTO