Ulaanbaatar /MONTSAME/ The Ministry of Foreign Affairs hosted the first meeting of the National Committee for Ensuring the Implementation of Trade facilitation agreement (TFA) of World Trade Organization (WTO) on October 11. It was chaired by Ts.Munkh-Orgil, Acting Minister of Foreign Affairs and Head of the National Committee.
Addressing the meeting, Ts.Munkh-Orgil noted that establishing the TFA provides landlocked countries like Mongolia with opportunities to reduce the cost of transit transportation, to improve services of border checkpoints in accordance with international standards and to receive aid for empowering staff. He added Mongolia takes a responsibility to realize the TFA’s clauses in several phases.
At the meeting, attendees approved the National Committee’s rules and decided to set up sub-committees. They exchanged views on altering the law on customs in conjunction with the TFA’s implementation as well.
Together with landlocked countries in 2003, Mongolia forwarded the initiative of creating the TFA, which has purposes to reduce barriers to importers and exporters by simplifying the rules and control over goods crossing borders and to minimize the delivery cost. The TFA was adopted in 2014, and came into force on February 22, 2017.
The National Committee was established in accordance with the governmental resolution of May 10, 2017, with a responsibility to manage the agreement’s implementation.