At its Ninth Ministerial Conference, members of the World Trade Organization (WTO) reached consensus on a text for a new Agreement on Trade Facilitation. Once ratified, it will become binding on all WTO members. The Agreement represents a significant step towards a globally consistent approach to the regulation of cross-border trade with the potential to achieve the high level of trade facilitation being sought by both governments and industry alike. This paper examines the need for such an initiative and contends that, in order to attain the outcomes being sought by the international community, two further requirements must firstly be met, that is, a consistent interpretation of the Agreement and a consistent application of the Agreement. It argues that, in many but not all cases, signatories to such instruments achieve a reasonably high level of consistency in their interpretation of international regulation, as reflected in their national legislation. Consistency of application, on the other hand, is heavily dependent upon the capacity of an administration and individuals within the administration to effectively apply the particular regulatory provisions.
|Title of host publication||Customs Policy|
|Subtitle of host publication||Economics, Law and Practice|
|Place of Publication||Warsaw, Poland|
|Publisher||Biblioteka Celnej Ksiazki|
|Number of pages||11|
|Publication status||Published - 2014|
|Event||Customs Policy - Its Essence and Relations to Fundamental Problems of the Contemporary International Trade in Goods - Warsaw, Poland, Poland|
Duration: 20 Nov 2014 → 21 Nov 2014
|Conference||Customs Policy - Its Essence and Relations to Fundamental Problems of the Contemporary International Trade in Goods|
|Period||20/11/14 → 21/11/14|
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