CURRENT AFFAIRS

Detailed explanation-1: -Global Survey on Digital and Sustainable Trade Facilitation: The Global Survey on Digital and Sustainable Trade Facilitation is organized by the United Nations.

Detailed explanation-2: -The NTRS 2022 is the third annual NTRS and marks the stabilization of the methodology for both import and export TRS. 2.5 The NTRS 2019 was conducted across 15 port locations in India, covering four sea ports, three Inland Container Depots (ICDs), six Air Cargo Complexes (ACCs) and two Integrated Check Posts (ICPs).

Detailed explanation-3: -The Trade Facilitation Agreement (TFA) contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective co-operation between customs and other appropriate authorities on trade facilitation and customs compliance issues.

Detailed explanation-4: -India has ratified the Trade Facilitation Agreement (TFA) of WTO. 2. TFA is a part of WTO’s Bali Ministerial Package of 2013. 3.

Detailed explanation-5: -"Trade facilitation” is largely used by institutions which seek to improve the regulatory interface between government bodies and traders at national borders.