The agreement will also help to make the critical practical barriers to international trade redundant. The most prosperous countries in the agreement have pledged to reform the technical and financial processes of developing countries to improve their effectiveness. This, in turn, hopes to reduce corruption as bribes in these national regions. New technologies and more efficient procedures, which reduce the „bureaucracy“ associated with international trade, should limit corruption by limiting their need. [6] The WTO, WTO members and other intergovernmental organizations, including the World Bank, the World Customs Organization and the United Nations Conference on Trade and Development (UNCTAD), provide technical assistance to facilitate trade. In July 2014, the WTO announced the creation of a trade facilitation mechanism that helps developing countries and LDCs implement the Trade Facilitation Agreement. The facility came into force on 27 November 2014 with the adoption of the Trade Facilitation Protocol. Currently, the cost of international trade is about $2 trillion. [4] This situation is due to a number of factors, including unnecessary customs procedures, marginal taxes and unnecessary duplication. [4] The economic benefits of the Trade Facilitation Agreement are not yet fully discernible and measured. However, estimates of the economic benefits resulting from the agreement are widespread.

Estimates range from about $68 billion to nearly $1 trillion per year. According to the OECD, the Trade Facilitation Agreement has the capacity to reduce trade costs by 14.1% for low-income countries, 12.9% for middle-income countries and 12.9% for middle-income countries by 14.1%. This would indicate a series of gains of about $9 to $133 per year per person on the planet. These large margins indicate that there are still some uncertainties related to the trade agreement. [5] Traders in developing and industrialized countries have long stressed the enormous „administrative burden“ still on international freight transport, which places a particular burden on small and medium-sized enterprises. The TFA contains provisions to expedite the transfer, release and release of goods, including goods in transit. Measures are also planned for effective cooperation between customs and other relevant authorities on trade facilitation and tariff compliance. It also contains provisions for technical assistance and capacity building in this area. The agreement will help to improve transparency, increase opportunities for participation in global value chains and reduce opportunities for corruption. Full implementation of FTAs is estimated to reduce trade costs by an average of 14.3% and boost world trade by up to $1 trillion per year, with the highest growth in the poorest countries.

For the first time in the history of the WTO, the implementation of the agreement is directly linked to the country`s ability to do so. A Trade Facilitation Mechanism (TFAF) has been set up to ensure that developing and least developed countries receive the assistance they need to take full advantage of the benefits of the TFA. Implementation of the TFA is underway among WTO member countries. Full implementation of ATPs is expected to reduce global business costs by an average of 14.3%.