The agreement promotes simpler rules and reduces the costs of international trade by making trade more efficient. The background for this is high costs in international trade due to among other issues unnecessarily cumbersome border procedures and inaccessible regulatory frameworks.
From 19 to 23 January, the GCC-countries (Bahrain, Kuwait, Qatar, The United Arab Emirates, Oman and Saudi-Arabia) and Jordan, had a meeting in Muscat. The meeting took place as a part of a program that the WTO has initiated to identify how developing countries in the WTO can implement the commitments in the agreement. The meeting’s intention was to assist the countries in deciding which of the commitments they can implement immediately, which of them they need more time to implement, and the commitments for which they need financial aid in order to implement.
The meeting was held by the WTO Secretariat and representatives from Norwegian Customs and Finland.