Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
The WTO trade facilitation agreement is a significant part of global efforts to increase trade’s contribution to development, according to the European Commission. Getting agreement in the WTO on trade facilitation would also send a powerful signal about the strength of the multilateral trade system and its ability to produce tangible results for the international community.
The European Commissioner for Development Andris Piebalgs and Trade Commissioner Karel De Gucht joined forces to help secure a WTO Trade Facilitation Agreement; the EU is going to respond to the demands from Least-Developed Countries for help, to make the most of the WTO trade facilitation agreement.
Trade facilitation is about better customs procedures, cutting red tape, fighting corruption, and cutting costs for business. Cutting the cost of trade by just 1% would increase worldwide income by over €30 billion and two thirds of this would go to developing countries.
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