Summary
The European Parliament supports amending the WTO agreement to implement a new Trade Facilitation Agreement. This aims to reduce global trade costs and modernize customs procedures, especially in developing countries. 10 09.09.2015
Other
trade
economy
finance
justice
social policy
european union
public administration
international relations
information technology and data processing
Key points
- The resolution supports the conclusion of a protocol to amend the agreement establishing the World Trade Organization.
- Implementation of the new trade agreement is expected to reduce global trade costs by an estimated 12.5% to 17.5%.
- The agreement promotes the use of modern technologies, such as electronic payment systems and national trade portals, to simplify customs.
- Increased transparency in automated duty payments is highlighted as a tool to fight corruption at borders.
Documents (PDFs)
REPORT containing a motion for a non-legislative resolution on the draft Council decision on the conclusion, on behalf of the European Union, of the Protocol Amending the Marrakesh Agreement Establishing the World Trade Organization
Protocol amending the Marrakesh agreement establishing the World Trade Organization (resolution)
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