Discover and read the best of Twitter Threads about #tradefacilitationagreement
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Oh dear. Trade geekery needs an upgrade 😉
A whopping 86% of you GOT THIS WRONG!
The correct answer is … 154
That’s all 164 @wto members EXCEPT the 10 that have not ratified the agreement.
Why? Does it matter?
Maybe.
Cc: @craigaatkinson @maheenhassan3 @AllieRenison
1/11
A whopping 86% of you GOT THIS WRONG!
The correct answer is … 154
That’s all 164 @wto members EXCEPT the 10 that have not ratified the agreement.
Why? Does it matter?
Maybe.
Cc: @craigaatkinson @maheenhassan3 @AllieRenison
1/11
The #TradeFacilitationAgreement is multilateral, the whole WTO membership (164) agreeing by consensus.
But to add it in the WTO’s rule book, WTO members had to insert it in the package of agreements—by amending Annex 1 of the WTO Agreement.
2/11 wto.org/english/docs_e…
But to add it in the WTO’s rule book, WTO members had to insert it in the package of agreements—by amending Annex 1 of the WTO Agreement.
2/11 wto.org/english/docs_e…
So rules on amendments apply—WTO Agreement, Art.10, Par.3:
“Amendments … shall take effect for the Members that have accepted them upon acceptance by two thirds of the Members and thereafter for each other Member upon acceptance by it.”
3/11 wto.org/english/docs_e…
“Amendments … shall take effect for the Members that have accepted them upon acceptance by two thirds of the Members and thereafter for each other Member upon acceptance by it.”
3/11 wto.org/english/docs_e…
