word
Trade Facilitation
TRAYD fah-sil-ih-TAY-shun
/treɪd fəˌsɪl.ɪˈteɪ.ʃən/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
Tradefacilitation
Dictionary meaning
The simplification, standardization, and harmonization of international trade procedures — including customs clearance, documentation requirements, and border management — to reduce the time and cost of moving goods across borders.
Examples
- The WTO Trade Facilitation Agreement (2017) is estimated to cut global trade costs by 14.3%.
- Single-window systems at ports are a key trade facilitation measure.
Synonyms: customs modernization, border management reform, TFA
Pronunciation tips
Think of trade facilitation as 'reducing red tape at the border'. The 2013 WTO Bali Package introduced the first multilateral agreement specifically on trade facilitation.
Learn one new pronunciation a day
Get a word, name or idiom like “Trade Facilitation” in your inbox — daily or weekly, free. Unsubscribe any time.
Something wrong? Suggest a correction