WTO

$1 trillion free trade agreement enters force

The Trade Facilitation Agreement (TFA) is aimed at cutting red tape and making the international flow of goods more seamless. It spans all 164 members of the World Trade Organization, including the U.S.

It will slash paperwork and ease border delays and transit bottlenecks. The World Trade Organization said it will reduce by over a day and a half the time needed to import goods, and cut nearly two days from the time needed to export goods.

Rice import quota illegal says Trade Minister

That is the statement from Trade, Commerce and Industry Minister Richard Maru this week in Parliament when responding to a supplementary question from Kandrian - Gloucester MP Joseph Lelang.

“Under the World Trade Organisation, countries are allowed to impose protectionism leases particularly when it comes with issuing national strategy in agriculture development, particularly in relations to foods security issues,” Lelang asked.