Trade facilitation refers to the simplification, modernization, and harmonization of international trade processes and procedures. It encompasses a broad range of measures aimed at improving the efficiency of customs and border crossings, which can significantly reduce trade costs and enhance the flow of goods across borders. Key components of trade facilitation include: 1. **Simplifying Customs Procedures**: Streamlining the documentation required for imports and exports, reducing bureaucratic delays, and making the customs clearance process more predictable and less cumbersome.
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