On the positive side, seven PMOs have already communicated their tentative dates, although the deadline is still two years away (22 February 2021), giving donors a clear signal of their commitment to implement the agreement. Currently, the cost of international trade is about $2 trillion. [4] This is due to a variety of factors, including redundant customs procedures, border fees and unnecessary duplication. [4] The economic benefits of the Trade Facilitation Agreement are not yet fully felt and measured. However, estimates of the economic benefits of the agreement are widespread. Estimates range from about $68 billion to nearly $1 trillion a year. According to the OECD, the Trade Facilitation Agreement has the potential to reduce trade costs by 14.1 per cent for low-income countries, 15.1 per cent for middle-income countries and 12.9 per cent for high-middle-income countries. This would indicate a series of earnings of about $9 to $133 per year per person on the planet. These wide ranges suggest that there are still uncertainties surrounding the trade deal. [5] Shortly before the Bali Ministerial Conference in December, the drafting process, with the direct assistance of the Director-General, had resulted in an almost streamlined text.

Previous disagreements were now limited to only a few members, which could be resolved in a bilateral meeting that allowed them to return as members. Previously, litigation and dissatisfaction tranches were now free of tranches, such as Z.B. S&D and customs cooperation. Although the agreement on trade facilitation had not yet been fully concluded by the Ministerial Conference, it was in good condition to be concluded there. The Ministerial Conference gave rise to further rounds of negotiations and disagreements, but in the end, members were able to agree on a text for the agreement. After a decade of negotiations, the WTO finally concluded its trade facilitation agreement at the end of 2013, which will move to 2014. [2] In addition, both developing and least-developed countries had to provide the WTO with information on the contact points for the coordination of these TACs (Article 22(3)). As of 22 February 2019, only five developing countries have met this commitment. This low level of compliance makes it difficult for donors and development partners to coordinate aid and rely on the willingness of these countries to implement ambitious trade facilitation projects. It was not until 2001 that the Doha Ministerial Meeting began new efforts to negotiate trade facilitation. The “Colorado Group” was still trying to increase its membership, while its opposition was also not inactive.