World Economy

Department for Business, Innovation and Skills written question – answered on 4th December 2015.

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Photo of Diana R. Johnson Diana R. Johnson Shadow Minister (Foreign and Commonwealth Affairs)

To ask the Secretary of State for Business, Innovation and Skills, with reference to the 2013 Lough Erne G8 Leaders' Communiqué, published on 18 June 2013, what progress has been made on implementing the commitments in paragraph 9 of that document; and if he will make a statement.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

The World Trade Organisation (WTO) Agreement on Trade Facilitation, agreed at the Bali Ministerial in December 2013, is expected to significantly reduce the costs of cross-border trade, including between developing countries.The Agreement was opened for acceptance by WTO Members in November 2014 and, to date, 51 WTO Members, including all EU Member States, have ratified.

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