The Central Board of Indirect Taxes and Customs (CBIC) and the Permanent Mission of India to the WTO in Geneva held special sessions on trade during the Committee on Trade Facilitation meeting at the World Trade Organisation (WTO) in Geneva. The event featured discussions on trade facilitation, capacity building, and India’s reforms under the WTO Trade Facilitation Agreement (TFA).
India, having met its WTO TFA commitments, is now focusing on “TFA Plus” measures through the National Trade Facilitation Action Plan (NTFAP 3.0). The country emphasized its comprehensive customs reforms, including a digitalized and paperless Customs ecosystem, during the session on Trade Facilitation.
With a strong commitment to transparency and simplifying trade procedures, India has notified all its TFA commitments within the set timelines. The CBIC highlighted its advanced customs systems and capacity building efforts, showcasing India’s expertise to support developing and least-developed countries in trade facilitation.
India’s digitization and modernization of customs procedures have significantly boosted trade growth and integration into global value chains. The country’s digital ecosystem streamlines customs processes, reduces transaction costs, and expedites clearance times, fostering smoother trade operations.
