China in September 2015 ratified the World Trade Organization’s protocol of the trade facilitation agreement, and became the 16th member accepting this specific protocol. According to the WTO 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 is expected to reduce trade costs and raise the level of trade facilitation.
Read a September 2015 report prepared by the KPMG member firm in China: China Ratifies WTO's Trade Facilitation Agreement
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