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FEATURE STORY

New Trade Facilitation Support Program to Provide Technical Assistance for Developing Countries

June 10, 2014

Meeting with the World Bank Group (WBG) Office in Geneva, together with the European Commission, the United States Agency for International Development (USAID), Canada, Switzerland, the Australian Department of Foreign Affairs and Trade, and the Norwegian Ministry of Foreign Affairs on June 10, 2014.

On June 10, 2014 the World Bank Group (WBG) Office in Geneva, together with the European Commission, the United States Agency for International Development (USAID), Canada, Switzerland, the Australian Department of Foreign Affairs and Trade, and the Norwegian Ministry of Foreign Affairs announced the establishment of a new Trade Facilitation Support Program (TFSP), which will help countries reform their trade facilitation practices in a manner consistent with the main components of the new TFA. The Program will focus on the effective implementation of trade facilitation reforms in developing countries to enhance private sector competitiveness, thus leading to increased trade, investments and job creation. It will have two main components – the provision of Technical Assistance (TA), where the WBG will help developing countries reform their trade facilitation laws, procedures, processes and systems in a manner consistent with the WTO TFA; the second component will focus on Knowledge, Learning and Measurement.

For more information:
Please visit www.TradeFacilitationSupportProgram.org
and/or contact TFSP@worldbankgroup.org.