Özet:

The World Trade Organization (WTO), the United States (US) and the European Union (EU) are powerful global actors who play an effective role in the world economy scene and lead economic policies to increase the volume of foreign trade, liberalize trade and reduce technical barriers in trade.  The Trade Facilitating Agreement is an important agreement in which the WTO has been working to improve the efficiency of global trade and has made it possible to enter into force in recent years. The agreement is aimed at facilitating trade, providing time and cost advantage and improving economic efficiency. The work, an active actor in the global economy, aims to promote the Trade Facilitation Agreement in the US and EU axis and the opportunities that this Agreement offers to the Member States. According to the World Trade Organization (WTO), if fully implemented, the Agreement is expected to reduce global trade costs by an average of 14.3 percent and increase the volume of trade by $1 trillion a year to increase the efficiency of global trade. The study also examines the importance and possibilities of the Agreement which is expected to provide such an increase in efficiency in global trade for Turkey.

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