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Panel being set up for implementing WTO's trade pact

The government has informed that it has started the process of setting up a national committee to coordinate and implement the WTO's trade facilitation agreement (TFA). The cabinet has approved the constitution of the national committee on trade facilitation (NCTF) under the chairmanship of the cabinet secretary.

In a written reply to the Rajya Sabha, commerce and industry minister Nirmala Sitharaman said that the committee will facilitate the ease of doing trade through effective cooperation between custom authorities and relevant stakeholders she also said that through TFA, WTO members are encouraged to share information on best practices in managing customs compliance. TFA will lead to simplification of trade procedures and help promote cross-border trade, bring greater predictability to traders and reduce transaction costs.

The minister also said that the government has taken various steps to track the trade restrictive measures of other countries through various mechanisms such as regular interaction, organizing workshops on important issues like standards and monitoring of draft notifications of member countries.

At the WTO ministerial conference held at Nairobi in December 2015, some members wished to identify and discuss issues other than the remaining issue in the Doha Development Agenda and mostly developing country members did not agree. There it was agreed that any decision to launch negotiations multilaterally on such issues would have to be taken by consensus, she answered.

 
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