Cabinet approves WTO's trade facilitation pact

The Cabinet today approved WTO's Trade Facilitation

Agreement and decided to set up a national committee for overseeing the implementation of the TFA which aims to smoothen the flow of commerce globally. The Cabinet approved the proposal for Notification of Commitments under the TFA of WTO, ratification and acceptance of the Instrument of Acceptance of Protocol of TFA to the WTO Secretariat and constitution of the National Committee on Trade Facilitation (NCTF), said IT and Telecom Minister Ravi Shankar Prasad.

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