Geneva – India said on Friday it had formally ratified the World Trade Organization (WTO) Trade Facilitation Agreement, which aims to facilitate customs procedures to promote trade. The Trade Facilitation Agreement (TFA), concluded in 2013 at the WTO Ministerial Conference in Bali and in force since 2017, was the first agreement reached since the WTO began in 1995. The TFA focuses on simplifying, modernizing and harmonizing export and import processes. It clarifies and improves the relevant aspects of certain articles of the 1994 General Agreement on Tariffs and Trade (`GATT`) on the free movement of persons, royalties and formalities, and the management of the trade order. New Delhi: The government said on Wednesday it had ratified the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) and the pact aims to speed up the movement of goods, the release and release of goods, including goods in transit. To date, 153 WTO members have ratified an amendment protocol on national territory and have notified the WTO of its adoption. The amendment protocol, which was formally adopted on 27 November 2014, incorporates the Trade Facilitation Agreement into the WTO agreement. “India has ratified the World Trade Organization Trade Facilitation Agreement (TFA) and the Trade Facilitation Acceptance Instrument was delivered by India to the WTO Director-General on 22 April 2016,” said Minister of State for Trade and Industry Nirmala Sitharaman in a written response to Rajya Sabha. In addition, a Trade Facilitation Mechanism (TFAF) has been set up at the request of developing and least developed countries to ensure that they receive the assistance they need to take full advantage of the benefits of ASAs and to support the final goal of full implementation of the new agreement by all member states. Trade experts requesting anonymity indicated that if India had already ratified the World Trade Organization`s Trade Facilitation Agreement (TFA) without making full use of the flexibility available to developing countries, Nepal could, for example, have brought it to the WTO`s dispute settlement body.