Photo: Roberto Stuckert Filho/PR
In a ceremony held at the Planalto Palace today, March 29, President Dilma Rousseff signed Brazil's ratification letter of the World Trade Organization (WTO) Trade Facilitation Agreement. The signature took place in the presence of the Director General of the WTO, Ambassador Roberto Azevedo, who is visiting the country this week.
Brazil will be the 72nd country to ratify the Agreement, which will come into force after the WTO receives 108 ratification letters – two thirds of the 162 members.
The Trade Facilitation Agreement, negotiated with active participation by Brazil on the Ninth WTO Ministerial Conference, in Bali, Indonesia, on December 2013, provides for the simplification and streamlining of trade procedures of goods between Member States, in addition to measures of transparency reinforcement, cooperation between customs authorities and technical assistance to developing countries.