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Trade Facilitation Agreement (TFA):


TFA which will help in boosting and facilitating India's exports. TFA has became a reality in the 21 history of WTO as it is ratified by 2/3rd of members and thus has been the first multilateral agreement. TFA is expected to reduce trade costs by an av. 14.3%. TFA's main feature is its resolve to harmonize global rules for the movement of goods, clearance and release of goods, and thus making trade-related administration easier & less costly, thus helping an important and much-needed boost to global economic growth.


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