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UK's BIFA favours Trans-Pacific Partnership deal for easing trade flow
THE British International Freight Association (BIFA) has given a cautious welcome to the conclusion of the Trans-Pacific Partnership (TPP) agreement.
The US, Japan, Mexico, Canada, Australia, Singapore and six other Pacific Rim countries reached an agreement recently on the regional free-trade agreement that will cover 40 per cent of the global marketplace.
The agreement includes a series of member agreements to lower tariffs, modernise their customs clearance and ensure a level playing field for competition.
"While the TPP still has to be approved, it is believed that the agreement will accelerate the flow of goods through supply chains in a region with the world's fastest growing economies," said BIFA director general Robert Keen.
"Lowering tariffs and streamlining customs clearance operations at international borders are important to facilitating international trade, in which BIFA members have a key role.
"As freight forwarders, our members recognise that liberalised trade agreements are critical to business both large and small that seek to expand their markets," said Mr Keen.
The US, Japan, Mexico, Canada, Australia, Singapore and six other Pacific Rim countries reached an agreement recently on the regional free-trade agreement that will cover 40 per cent of the global marketplace.
The agreement includes a series of member agreements to lower tariffs, modernise their customs clearance and ensure a level playing field for competition.
"While the TPP still has to be approved, it is believed that the agreement will accelerate the flow of goods through supply chains in a region with the world's fastest growing economies," said BIFA director general Robert Keen.
"Lowering tariffs and streamlining customs clearance operations at international borders are important to facilitating international trade, in which BIFA members have a key role.
"As freight forwarders, our members recognise that liberalised trade agreements are critical to business both large and small that seek to expand their markets," said Mr Keen.
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