SASEC News

Compiled features on recent developments in regional cooperation and integration in the SASEC region.

Year:  

February 2017
WTO’s Trade Facilitation Agreement Enters into Force

The World Trade Organization (WTO) Trade Facilitation Agreement came into force after Rwanda, Oman, Chad, and Jordan submitted their instruments of acceptance to WTO Director-General Roberto Azevêdo. The submissions bring the total number of ratifications over the 110 required for activation. Members’ trade costs are forecast to lower by 14.3%, with developing countries having the most to gain.


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Tags:  BangladeshIndiaLDCMyanmarNepalSri LankaTrade Facilitation AgreementWTO
 

January 2017
Nepal Parliament Ratifies the WTO Trade Facilitation Agreement

Nepal’s Parliament ratified the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) on 13 January 2017, drawing up the instrument of acceptance for the WTO TFA, whose implementation will help expand trade and attract foreign direct investment in Nepal by increasing transparency and effectiveness of the trading process.


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Tags:  NepalTrade FacilitationExportsCustomsFDILDCWTO
 

April 2016
Bangladesh Prepares to Ratify the WTO TFA

The Government of Bangladesh is preparing to ratify the World Trade Organization (WTO) Trade Facilitation Agreement (TFA), which will enable efficient and speedy flow of goods across borders and make doing business less costly. Bangladesh aims to ratify the TFA soon, to allow the country to enjoy trade benefits available to least developed countries.
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Tags:  BangladeshTrade FacilitationLDC
 

March 2016
WTO Developing, LDC Members Encouraged to Start Preparing for Entry into Force of the TFA

WTO members were advised to notify the WTO about their technical assistance and capacity-building needs, including the timeframe to ensure effective implementation of the WTO Trade Facilitation Agreement (TFA). The WTO Preparatory Committee on Trade Facilitation has received 81 “Category A” notifications and an increasing number of “Category B”and “Category C” notifications.
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Tags:  WTOLDCTrade FacilitationSri Lanka
 

December 2015
WTO Nairobi Package Delivers Commitments to LDCs

The World Trade Organization (WTO) 10th Ministerial Conference agreed on a series of trade initiatives and decisions to benefit its least developed country (LDC) members, including re-affirmation of public stockholding for food security purposes; preferential rules of origin which calls on preference-granting members to simplify documentary and procedural requirements related to origin; and 15-year extension of preferential treatment for LDCs in the area of services to increase LDC capacity.
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Tags:  WTOLDCTradeTrade Facilitation
 

October 2015
WTO Receives 50th Ratification of the Trade Facilitation Agreement

The Republic of Macedonia became the 50th country to submit its ratification of the World Trade Organization's (WTO) Trade Facilitation Agreement (TFA). This submission follows the ratification recently deposited by the EU on behalf of its 28 member states, which gave a huge boost toward efforts to bring the Agreement into force. The WTO reported a sharp rise in ratifications, with the number of acceptance instruments received tripling by June 2015.
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Tags:  WTOTrade FacilitationLDC
 

October 2015
WTO and UNCTAD Sign Declaration Increasing Cooperation

The World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD) signed a Joint Declaration that reaffirms their commitment to strengthen cooperation on promoting trade as a tool for development, and acknowledges trade as an important driver of development. It also reinforces the commitment of WTO and UNCTAD on bolstering cooperation in key areas of their work, including trade related technical assistance and capacity-building, and trade facilitation.
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Tags:  WTOUNCTADLDC
 

May 2015
China Contributes $500,000 to WTO Least Developed Countries

The Government of China pledged to contribute $500,000 to World Trade Organization (WTO) Least Developed Countries (LDCs) and Accessions Program or the China Program. This will enable LDCs to better integrate into the global economy by strengthening their participation in WTO activities and helping members accede to the WTO.
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Tags:  WTOLDCTrade Facilitation
 

February 2015
Bangladesh Nominated as LDC Coordinator for WTO in 2015

Bangladesh has once again been nominated as least developed countries’ (LDC) coordinator for 2015—its first time was in 1996 when former Industries and Commerce Minister Tofail Ahmed attended the WTO Ministerial Conference in Singapore. Bangladesh was nominated due to its vital role and experience in bargaining with the developed world on behalf of the LDCs.
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Tags:  BangladeshWTOLDC
 

August 2014
'Regional Connectivity for Shared Prosperity': UNESCAP's Roadmap to An Inclusive Future

Economic dynamism in the Asia-Pacific region has been driven primarily by individual economies, yet to ensure sustainable growth in the future, countries must integrate and cooperate to share prosperity, according to the 2014edition of the Economic and Social Survey of Asia and the Pacific.
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Tags:  Regional CooperationPoverty ReductionUNESCAPAsia-PacificEnergyConnectivityICTLDCSASECTradeTransport
 

July 2014
WTO Trade Facilitation Agreement Facility Support LDCs and Developing Countries

A Trade Facilitation Agreement Facility was launched by the WTO on 22 July 2014, further ensuring that least developed countries and developing countries will receive necessary assistance in implementing the trade facilitation agreement.
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Tags:  WTOTrade FacilitationPoverty ReductionADBSASECTrade Facilitation AgreementLDCWCOUNESCAP