Dominica, Mongolia ratify the Trade Facilitation Agreement

DG AZEVÊDO: “WE MUST ENSURE THAT THE GAINS OF TRADE ARE BETTER SHARED ACROSS SOCIETY”

In a speech to the Organization for Economic Cooperation and Development’s Global Strategy Group on 28 November, Director-General Roberto Azevêdo stressed the importance of making the case for trade amid a rise in anti-globalisation sentiment in many countries. Governments also need to work on creating a better, more inclusive model of globalisation and ensure the benefits of trade reach further and wider through new trade reforms.
> Speech: https://www.wto.org/english/news_e/spra_e/spra148_e.htm

DOMINICA, MONGOLIA RATIFY THE TRADE FACILITATION AGREEMENT; FINAL COUNTDOWN LAUNCHED

Dominica and Mongolia have ratified the Trade Facilitation Agreement (TFA), putting the total number of ratifications from members at 100. With just 10 more ratifications from members needed to bring the TFA into force, the final countdown begins for realizing a global deal that could boost global merchandise exports by up to $1 trillion per annum by slashing trade costs and cutting red tape at the border.
> News item: https://www.wto.org/english/news_e/news16_e/fac_29nov16_e.htm

DOMINICA ACCEPTS TRIPS AMENDMENT TO EASE POOR COUNTRIES’ ACCESS TO AFFORDABLE MEDICINES

Dominica deposited its instrument of acceptance for the 2005 protocol amending the WTO’s Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 28 November 2016.
> News item: https://www.wto.org/english/news_e/news16_e/trip_28nov16_e.htm

WTO MEMBERS REFLECT ON WORK OF COMMITTEE ON TRADE AND DEVELOPMENT AND FUTURE CHALLENGES

At an event held on 24 November to mark the 100th session of the Committee on Trade and Development (CTD), WTO members and other participants reflected on how trade has evolved since the committee held its first meeting 20 years ago. They also discussed what needs to be done to ensure that trade continues to support developing countries in the future.
> News item: https://www.wto.org/english/news_e/news16_e/devel_29nov16_e.htm

CHAIR CITES SOME INTEREST FOR NEGOTIATIONS ON NON-TARIFF BARRIERS TO NON-AGRICULTURAL GOODS

Some interest has been expressed for negotiating the easing of non-tariff barriers for non-agricultural goods, the Chair of the WTO Negotiating Group on Market Access, Ambassador Didier Chambovey (Switzerland), told WTO members in an informal meeting on 25 November. He reported to members on his consultations over the past month, which involved 36 delegations and group coordinators.
> News item: https://www.wto.org/english/news_e/news16_e/nama_25nov16_e.htm

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