A new initiative that will enable micro, small and medium-sized enterprises (MSMEs) to benefit from international trade opportunities was unveiled today by the International Trade Centre (ITC) and the World Customs Organization (WCO). Developed to enable MSMEs to benefit from lower duties under free trade agreements, the ITC-WCO Rules of Origin Facilitator will also ensure that businesses in developing countries can take greater advantage of preferential trade arrangements.
Announcing the new tool, ITC Executive Director Arancha González, said: ‘This new Rules of Origin tool will improve transparency in global trade. It will generate more trading opportunities for MSMEs, and enhance the benefits offered by trade agreements through making trade rules more easily accessible through the new tool.’
Read more on INTRACEN.