A milestone for smaller businesses at the WTO

Entering into force today, the WTO’s Trade Facilitation Agreement is one to watch.

The ICC says ” – the first multilateral trade agreement to enter into force in over two decades – aims to make trade easier and simpler by cutting red-tape at borders.”

“Governments must work without delay to implement the provisions of the TFA working hand-in-hand with local businesses to identify key bottlenecks to trade across national borders.”, John Danilovich, ICC Secretary General

See the full article here: http://bit.ly/2lv8RKq

 

 

What if the UK falls back from EU to World Trade Organisation rules?

60% of the UK’s trade in goods benefits from preferential trade agreements – around 47% with the EU itself and around 13% with other countries and trade blocks that have agreed preferential trade treaties with the EU (see the map from 2013 for a guide). These could be directly affected by a switch to World Trade Organisation rules. We explain the situation below. Continue reading “What if the UK falls back from EU to World Trade Organisation rules?”