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Approval of the WTO Trade Facilitation Agreement Amendment

Summary

The European Parliament approves an amendment to the WTO Marrakesh Agreement, introducing a new Trade Facilitation Agreement to simplify global customs processes.
10 30.10.2015
Other
trade
economy
european union
public administration
international relations

Key points

  • The European Parliament provides formal consent to the amendment of the WTO Marrakesh Agreement.
  • A new agreement is introduced to modernize customs procedures and expedite the movement of goods across borders.
  • Developing nations are allowed to self-determine their implementation schedules through specific categories of commitment.
  • The European Union has pledged significant financial assistance, totaling over 400 million euros over five years, to support these reforms.
Documents (PDFs)
RECOMMENDATION 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 (consent) ***
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