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Brazil ratifies WTO Trade Facilitation Agreement

The deal is the first global trade agreement in 20 years and has been
Ana Cristina Campos reports from Agência Brasil
Published on 29/03/2016 - 13:03
Brasília
Brasília - A presidenta Dilma Rousseff assina carta de ratificação do Acordo de Facilitação do Comércio da Organização Mundial do Comércio durante cerimônia no Palácio do Planalto que contou com a presença do diretor-geral da entidade,
© Antonio Cruz/ Agência Brasil
Brasília - A presidenta Dilma Rousseff assina carta de ratificação do Acordo de Facilitação do Comércio da Organização Mundial do Comércio durante cerimônia no Palácio do Planalto que contou com a presença d

Brasília - Dilma Rousseff and Roberto Azevêdo during the signing ceremonyAntonio Cruz/ Agência Brasil

President Dilma Rousseff signed today (Mar. 29) the letter of ratification for the World Trade Organization (WTO) Trade Facilitation Agreement during a ceremony at the Planalto presidential palace, also attended by WTO Director-General Roberto Azevêdo.

Early in the month, the Senate approved the agreement signed in Bali, Indonesia, in December, 2013. The deal, which aims to cut red tape in foreign commerce and remove administrative barriers, comes as part of the Bali Package, viewed as historic for being the first global trade agreement forged in 20 years.

On Monday (28), after meeting with Chancellor Mauro Vieira, Azevêdo said he expects the necessary number of ratifications to be turned in soon, so that the deal may come into effect as quickly as possible. In order for that to happen, a total of one third of the WTO's member countries (108) is required.


Translated by Fabrício Ferreira


Fonte: Brazil ratifies WTO Trade Facilitation Agreement