Trade Facilitation Agreement 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 ..

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National Time Release Study (TRS) 2022

The Central Board of Indirect Taxes and Customs (CBIC) has recently presented a set of Time Release Studies (TRS) that have been conducted by the department. TRS is a tool for performance measurement and assesses the international trade’s cargo clearance process. Overview: The World Trade Organization (WTO) recommends the TRS under the World Customs Organization ..

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India ratifies Trade Facilitation Agreement of WTO

India has formally ratified the WTO’s (World Trade Organisation) Trade Facilitation Agreement, which aims at easing customs procedures to boost commerce. In this regard, India’s WTO ambassador Anjali Prasad handed over the instrument of acceptance to WTO Director-General Roberto Azevêdo. India is the 76th WTO member to ratify the TFA. What is Trade Facilitation Agreement ..

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Union Cabinet gives approves Trade Facilitation Agreement

The Union Cabinet has approved a proposal to notify the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO). Decision in this regard was taken by Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi as per India’s consonance of ‘ease of doing business’ initiative. The proposal regarding ratification and acceptance ..

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