IATA, UNECE collaborate on Trade Facilitation

The International Air Transport Association (IATA) and the United Nations Economic Commission for Europe (UNECE) signed a Memorandum of Understanding (MoU) to strengthen their support to developing countries seeking to implement the World Trade Organisation (WTO) Trade Facilitation Agreement.


IATA UNECE collaborate on Trade Facilitation


The International Air Transport Association (IATA) and the United Nations Economic Commission for Europe (UNECE) signed a Memorandum of Understanding (MoU) to strengthen their support to developing countries seeking to implement the World Trade Organisation (WTO) Trade Facilitation Agreement.

The Agreement promises enormous potential for countries to reduce transport costs by up to 10 per cent through more efficient facilitation, making them more competitive in the global economy.

Specifically for air cargo, countries implementing the Agreement will need to build capacity to facilitate automated and smart border solutions and secure supply chain processes. Through the MoU, IATA and UNECE will help developing countries implement the relevant measures to realise the costs savings.

“The Air Cargo industry ships around 35 per cent of global trade by value. For up to 90 per cent of the ‘transport’ time the goods may actually be on the ground waiting to be processed. Aligning regulation and procedures with global standards and best practices has the potential to deliver major efficiency gains. That’s the aim of the WTO Trade Facilitation Agreement which presents a great opportunity for our industry to reduce these delays and costs, particularly in developing countries. Together with UNECE, we will work with developing countries to simplify their procedures and enhance their facilities. This is a winwin scenario for everyone – the industry, economies and local communities,” said Tony Tyler, IATA’s director general and CEO.