Pakistan Ratifies WTO Pact To Facilitate Border Trade

Pakistan has ratified WTO’s Trade Facilitation Agreement (TFA) which contains provisions for expediting the movement, release and clearance of goods, including goods in transit. After ratification, Pakistan has become the 51st World Trade Organization member, first from South Asia, to accede to the treaty. Pakistan also ratified the UN Convention on the International Transport of Goods, entailing no payment of customs and taxes on goods in transit with neighboring countries.