This article discusses the following:

1) Simplifying and streamlining trade processes reduces trade costs and increases the potential for trade especially in developing countries.

2) The WTO’s Trade Facilitation Agreement and ASEAN’s trade facilitation measures both seek to improve trade processes among member states. While the TFA focuses on customs processes, ASEAN’s measures are broader in coverage.

3) The ASEAN Trade Repository, ASEAN Single Window and ASEAN Customs Transit System will benefit from a commitment by ASEAN member states to implement similar measures in the WTO Trade Facilitation Agreement.  ASEAN member states can utilize the assistance and support of the WTO Trade Facilitation Agreement in the implementation of their ASEAN commitments.

To read the full article on the ISEAS website, click here.