ROUND UP – PAINT IMPORT PROCEDURES TO BE SIMPLIFIED UNDER WTO TRADE DEAL
January 1st, 2014
THE WORLD Trade Organisation (WTO) has struck a global deal that should ease import and customs procedures that can hold up the delivery of paints, coatings and their ingredients to export and import customers.This agreement on trade facilitation was agreed by a WTO ministerial conference in Bali, Indonesia, in December.The meeting’s chairman, Gita Wirjawan – Indonesia’s trade minister – said the deal would “reduce the cost of trading, smooth the flow of goods across borders and provide more certainty for business,” creating up USD1 trillion in value ...
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