What does trade facilitation aim to achieve?

Trade facilitation aims to streamline customs procedures for efficient trade by reducing delays and barriers that hinder the free flow of goods across borders. The focus is on simplifying and harmonizing international trade procedures, which leads to faster clearance of goods, improved predictability, and lower costs for businesses involved in cross-border trade.

This approach not only enhances efficiency but also promotes compliance with trade regulations by providing clear and consistent processes. By improving the overall trading environment, trade facilitation supports economic growth, increased trade volumes, and better international relationships. The emphasis is on optimizing the movement of goods while maintaining necessary regulatory measures, rather than increasing tariffs or imposing stricter regulations.