Ebene, Mauritius (PANA) - Mauritian Vice-Prime Minister Anil Kumar Bachoo on Monday said that trade facilitation has an important role to play in the overall trade performance of any country, insisting that it is a key determinant in a country’s competitiveness strategy and a formidable avenue for cooperation,
Speaking here at the opening of the Indian Ocean Rim Association (IORA) Business and Trade Facilitation workshop, Bachoo said, according to estimates, trade facilitation measures agreed during the 2013 World Trade Organisation (WTO) Conference in Bali, Indonesia, could cut the cost of shipping goods around the world by more than 10%, raising global output by over US$ 400 billion a year and increasing trade by over a trillion dollars
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