The Trade Facilitation Agreement (TFA) is aimed at cutting red tape and making the international flow of goods more seamless. It spans all 164 members of the World Trade Organization, including the U.S.
It will slash paperwork and ease border delays and transit bottlenecks. The World Trade Organization said it will reduce by over a day and a half the time needed to import goods, and cut nearly two days from the time needed to export goods.
