in General Aviation

IATA welcomes entry into force of WTO Trade Facilitation Agreement

Posted 23 February 2017 · Add Comment

The International Air Transport Association (IATA) has welcomed the entry into force of the Trade Facilitation Agreement (TFA) today. This follows the ratification of the treaty by two-thirds of the members of the World Trade Organization (WTO).

“The Trade Facilitation Agreement will cut red tape at the border for faster, cheaper and easier trade. That’s great news for airlines, which deliver about a third of the goods traded across borders by value. And it’s a particularly timely reminder of the dangers of the current protectionist rhetoric that we are seeing in various parts of the world. Trade leads to growth; and growth results in prosperity. With the treaty now in force, we urge governments to move forward with early implementation so that the TFA’s substantial benefits can be realised,” said Alexandre de Juniac, IATA’s Director General and CEO.

The TFA was concluded at the Bali Ministerial Conference in December 2013. The agreement promotes trade by establishing harmonized rules for further expediting the movement, release and clearance of goods crossing borders, including goods in transit. Particularly important for the air transport industry is the commitment to accepting e-payments and electronic documentation. This aligns with the industry’s goal to modernise air cargo with its e-freight program.

“Aviation is the business of freedom. Air cargo is a vital link in the manufacturing supply chain and between producers and consumers. We look forward to working with governments and airlines to maximize the benefits of the TFA and make air cargo an even more potent catalyst for jobs, growth, and prosperity,” said de Juniac.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Ethiopian Airlines wins SKYTRAX World Airline Award for the Best Airline in Africa

Ethiopian Airlines has won SKYTRAX World Airline Award for the Best Airline in Africa for second successive year.

Routes Africa 2018 Marketing Awards winners announced

The winners of the Routes Africa 2018 Marketing Awards have been revealed, with Cape Town Air Access the overall winner through to the final at World Routes in Guangzhou.

FIA2018: Rockwell Collins recognised by Airbus as a top performer for avionics support

Rockwell Collins has been honoured with a Customer Services Award for its avionics service by Airbus and its customer airlines at a special ceremony at the Farnborough Air Show held yesterday.

FIA2018: Africair signs PA for first Bell 407GXi in Africa

Bell Helicopter, a Textron company, has announced that Africair has signed a purchase agreement for the first Bell 407GXi in Africa.

Air Partner lion relocation flight is a roaring success

Air Partner, a aviation services group, was recently called upon to assist in the successful relocation of a lion on behalf of the Born Free Foundation.

Ethiopian Airlines selected as Dowty Propellersí authorised repair facility for Bombardier Q400s

Dowty Propellers has announced an agreement establishing Ethiopian Airlines as an authorised repair and overhaul facility in Africa for propellers on Bombardier Q400 regional airliners.

TAA SK0902311218
See us at
AAD2018 BTAirCargoAFA_BT220318210219AviationAfrica_BT0607280219GroundHandling BT2205130918