India to Pitch Trade Facilitation in Services at WTO (Download PDF)

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India is going to make a presentation on proposed Trade Facilitation in Services (TFS) Agreement to World Trade Organisation (WTO) Director General Roberto Azevedo and India Inc. It aims to ease norms including those relating to movement of foreign skilled workers and professionals across borders for short-term work.

India is going to make presentation on proposed TFS Agreement

India is Going to Make Presentation on Proposed TFS Agreement

India is going to make presentation on proposed TFS Agreement

Highlights

  • India is making a presentation on proposed Trade Facilitation in Services (TFS) Agreement to World Trade Organisation (WTO) Director General Roberto Azevedo and India Inc.
  • It is global pact proposed by India to boost services trade at WTO level.
  • It aims to ease norms including those relating to movement of foreign skilled workers and professionals across borders for short-term work.
  • It seeks to ensure portability of social security contributions, as well as make sure charges or fees for immigration or visas transparent, reasonable and non-restrictive in nature.
  • It Pave way for a single window mechanism for foreign investment approvals. Ensure cross-border insurance coverage to boost medical tourism

Trade Facilitation in Services (TFS) Agreement

  • Agreement at WTO-level aims to ease norms including those relating to movement of foreign skilled workers/professionals across borders for short-term work.
  • Objectives

    • Portability of social security contributions: Ensuring portability of social security contributions
    • Ensuring non-restrictive fees: Making sure fees or charges for immigration or visas are reasonable, transparent, and non-restrictive in nature.
    • Creation of a single window mechanism for foreign investment approvals
    • Cross-border insurance coverage: Ensure cross-border insurance coverage to boost medical tourism, publication of measures impacting services trade and timely availability of relevant information in all the WTO official languages as well as free flow of data/information for cross-border supply of services.

About World Trade Organization

Logo of World Trade Organization

Logo of World Trade Organization

Logo of World Trade Organization

  • World Trade Organization is an intergovernmental organization which regulates international trade.
  • Headquarters: Geneva, Switzerland
  • Founded: 1 January 1995
  • Leader: Roberto Azevedo
  • Type of business: International trade organization
  • Purpose: Regulate international trade
  • Membership: 164 member states
Image shows STRUCTURE OF WTO

Image Shows STRUCTURE OF WTO

Image shows STRUCTURE OF WTO

- Published/Last Modified on: March 17, 2017

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