world_organizations medium Fill in the Blank

The WTO's Agreement on Trade Facilitation (TFA), which entered into force in 2017, aims to expedite the movement, release, and clearance of goods across borders by simplifying customs procedures, enhancing transparency, and promoting cooperation between customs and other border _____.

  1. agencies
  2. taxes
  3. tariffs
  4. quotas

Answer: agencies

The TFA requires members to publish regulations, establish inquiry points, simplify documentation, and implement risk management. By reducing border delays and costs, it boosts trade competitiveness, particularly for SMEs and developing countries, while maintaining effective controls for security and compliance.

Topic World Trade Organization
Exam Relevance UPSC, Banking, SSC
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