The Trade Facilitation Agreement (TFA) of the World Trade Organization entered into force today, February 22nd, having reached the minimum number of ratifications required (108 out of 162 members). Brazil ratified the agreement on March 2106, on the occasion of the visit to Brasilia of the Director General of the WTO, Ambassador Roberto Azevedo.
The TFA simplifies bureaucracy and streamlines procedures for the international trade of goods, with measures to reinforce transparency in the development of rules and cooperation between customs authorities. According to a study by the Getulio Vargas Foundation, the implementation in Brazil of only one of the measures envisaged in the agreement, the Single Window for Foreign Trade, would allow for an increase in the annual trade surplus for Brazil of US$ 9 billion, generating a positive impact of more than 2% in the Brazilian GDP. In addition to the Single Window, the Brazilian Government has been implementing measures such as the electronic processing of documents and the structuring of the National Committee for Trade Facilitation (CONFAC), within CAMEX, for the implementation of the provisions of the agreement.
The Trade Facilitation Agreement was concluded in Bali, at the 9th WTO Ministerial Conference, in December 2013, and was the first multilateral agreement celebrated by the WTO since its creation, in 1995. The adoption of the ambitious set of commitments to favor international trade strengthens the multilateral trading system and the role of the role of the WTO as the negotiating forum for its rules.