Lowering Trade Costs through Transparency: the Importance of Trade Information Portals

A lack of transparency: it is one of the most common complaints of the private sector in many developing countries where the World Bank Group works. Improved transparency can lower trade costs and improve predictability, and it is a key objective of international agreements like the World Trade Organization’s Trade Facilitation Agreement (TFA). Implementation of the TFA is a key topic being discussed in Geneva at this week’s Sixth Global Review of Aid for Trade.