India has to be in a state of readiness to implement various commitments under the World Trade Organisation’s (WTO) Trade Facilitation Agreement (TFA) as it may become a binding agreement soon, PK Sinha, Cabinet Secretary and Chairman of the National Committee on Trade Facilitation (NCTF), said.
The country has to be especially prepared to implement the measures it has agreed to put in place immediately (category A commitments), he said, adding the NCTF and the steering committee working under it should meet more often to firm up the implementation plan. Sinha was speaking at the first meeting of NCTF on Friday.
Next meeting It was decided that the next meeting of the NCTF will take place in December and the Steering Committee will meet twice before that to come-up with specific goals for TFA implementation, an official release stated.
The TFA was ratified by India earlier this year.