China Ratifies WTO's Trade Facilitation Agreement

China Ratifies WTO's Trade Facilitation Agreement

China Tax Alert - Issue 22, September 2015  

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China Tax Alert

On 4 September 2015, China rectified WTO’s protocol of the Trade Facilitation Agreement, and became the 16th member accepting this specific protocol. According to WTO’s rule, the Agreement will enter into force once two-thirds of the WTO members complete their respective ratification process. With regard to China, implementation of the Agreement will reduce trade costs and raise the level of trade facilitation.  

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