The World Bank Group and the World Trade Organization (WTO) have agreed to enhance their co-operation in assisting developing and least-developed countries to better utilize trade facilitation programs which can help countries reduce trade costs and more fully engage in the global economy.
Trade facilitation aims to reduce barriers developing countries now face moving goods quickly and cost effectively by increasing port efficiency, improving customs and regulatory environments, and upgrading infrastructure to increase trade exports.
This has been excerpted from a 10 October 2014 news release by the World Trade Organization and is available in its entirety at:
http://www.wto.org/english/news_e/pres14_e/pr725_e.htm