Vietnam Ahead of Schedule Implementing the World Trade Organization Trade Facilitation Agreement (WTO-TFA), with USAID Assistance

Speeches Shim

Friday, July 15, 2022

The WTO-TFA, a landmark agreement adopted by WTO members five years ago, reduces costs and boosts trade by making it easier for traders to move goods across borders. For the past four years, USAID has supported the General Department of Vietnam Customs (GDVC) on its trade facilitation reform efforts, leading to improvements in the country’s national competitiveness and business enabling environment. On June 30, at a WTO Trade Facilitation Committee meeting in Geneva, officials announced that Vietnam is ahead of schedule in implementing its WTO-TFA commitments. The country is expected to fulfill 94.5% of its WTO-TFA commitments by December 31, 2023, and reach 100% by the end of 2024. During the WTO Trade Facilitation Committee meeting, Ms. Nguyen Viet Nga, Deputy Director of GDVC’s International Cooperation Department, thanked USAID for its ongoing assistance with Vietnam’s reform efforts. 

The WTO-TFA expedites the movement and clearance of goods by streamlining processes, sharing information, and coordinating regulations between the world’s trading nations. Trade facilitation measures are making it easier for enterprises—both Vietnamese and foreign enterprises—to do business in Vietnam.

Last updated: July 25, 2022

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