The political economy of enhancing trade facilitation in Nigeria

June 13, 2021 The Cable 0 Comments

The WTO members, of which Nigeria is a part, concluded negotiations at the 2013 Bali Ministerial Conference on a landmark Trade Facilitation Agreement (TFA), which entered into force on 22nd February 2017 following its ratification by two-thirds of the WTO membership. The TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. The agreement also sets out procedures that enable cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. Provisions for technical assistance and capacity building in this area, as also contained in the TFA. Read More.

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