DBTG Executive Committee Meeting

On January 10-14, 2017 NAEGA Senior Advisor Jerry Cotter traveled to Gijon, Spain to represent NAEGA in the Executive Committee meeting of the International Dry Bulk Terminal Group (DBTG). At the Executive Committee meeting, Mr. Cotter gathered information on the value of the NAEGA-DBTG Memorandum of Understanding and the future of the relationship, including his eventual retirement from active participation in the DBTG.

Read more about Jerry’s travels and the NAEGA-DBTG relationship here.

After ratification by Chad, Jordan, Oman, and Rwanda in late February, the World Trade Organization (WTO) has officially ratified the Trade Facilitation Agreement (TFA) following confirmation by over two-thirds of WTO members. The agreement includes measures to quicken the movement of goods during all stages of trade and calls for improved collaboration between customs and international authorities. It is estimated that the TFA will shorten average import time by almost half, and export time will see an even more significant improvement.

More information on the agreement is available here and here.