New book provides insight into the economic benefits of implementing a single window system

The adoption of the Trade Facilitation Agreement (TFA) in December 2013 at the World Trade Organization’s (WTO’s) Ministerial Conference held in Bali, Indonesia, was a landmark achievement for the global trade community. The socalled ‘Bali Package’ marked an end to trade negotiations that had dragged on for over a decade. In a broader context the agreement breathed new life into the WTO’s style of multilateralism, which many had started to doubt due to the persistent deadlocks in trade negotiations experienced in previous years.