IFCBA's blog

Stay up to date on the Trade Facilitation Agreement

Members interested in following developments with the WTO Trade Facilitation Agreement as it approaches the magic number of 2/3 of its 164 members required for the TFA to come into force are encouraged to visit  www.TFAFacility.org.  Not only can you get the latest news and monitor the status of TFA ratifications and notifications, you also can sign up for NewsBytes from the WTO.

IFCBA Chair Bestowed with "Gallery of Legends" Award

IFCBA members will be pleased to hear that IFCBA Chair, Mr. Shantanu Bhadkamkar, was recognized for his commitment and dedication towards the cargo industry and bestowed with the "Gallery of Legends" Award at the "India Cargo Awards" on 3rd August 2016 


At the July, 2016 meeting in Brussels of the World Customs Organization Council, members elected as Chairperson of the Council for the coming year Mr. R. Davydov of the Russian Federation. IFCBA offers congratulations to Mr. Davydov and thanks the outgoing Chairperson, Mr. Z. Chorfi from Morocco for his leadership in chairing the WCO with sensitivity to the needs of WCO members as well as the private sector.   

As Vice-Chairpersons of the Council, Delegates of the following countries were confirmed:

Australian workers plan border strike

Australia's Department of Immigration and Border Protection workers are to strike for a day, affecting travellers and freight nationally.


Shantanu Bhadkamkar (IFCBA Chairman), Carol West (IFCBA Secretary) and Jaime King (IFCBA Past Chairman) join Secretary General Kunio Mikuriya, Deputy Secretary General Sergio Mujica, Asha Menon and colleagues at the meeting of the WCO Private Sector Consultative Group, Brussels,  July 12, 2016

WTO Launches a New Annual Statistical Publication on World Trade

The WTO has launched a new annual statistical publication, the World Trade Statistical Review. This new publication provides insights into how world trade has evolved in recent years by analysing the latest trade statistics within an economic context.

WTO Trade Policy Review: China

The sixth review of the trade policies and practices of China takes place on 20 and 22 July 2016. The basis for the review is a report by the WTO Secretariat and a report by the Government of China.

The TPR documents are available on the WTO website at https://www.wto.org/english/tratop_e/tpr_e/tp442_e.htm.

Trans-Pacific Partnership Agreement has been added to the WCO Comparative Study on Preferential Rules of Origin

The Trans-Pacific Partnership (TPP) Agreement was signed on 4 February 2016 and it is the first of the so-called ‘mega-regional’ free trade agreements (FTAs), a term which refers to deep integration between countries, or regions with a major share of world trade and foreign direct investment (FDI). The 12 Parties to the Agreement are Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, Malaysia, New Zealand, Peru, Singapore, United States of America, and Viet Nam.

WTO launches new World Trade Outlook Indicator

The WTO has launched a new World Trade Outlook Indicator (WTOI) designed to provide “real time” information on trends in global trade. The WTOI was unveiled in Shanghai, China on 8 July, ahead of a meeting of G20 trade ministers.

What does Brexit mean for trade?

The fallout from the United Kingdom's vote on European Union membership, in which the 'Leave' campaign won a narrow victory, will have a wide range of repercussions that are difficult to assess in terms of scope, duration and size. The initial impact of this result has been global, and uncertainty remains a part of the post-vote reality.