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trade facilitation

noun
/treɪd fəˌsɪl.ɪˈteɪ.ʃən/

Meaning

The simplification, modernization and harmonization of export and import processes.

Example Sentences

Trade facilitation boosts economic growth.

Synonyms

commerce support, trade enhancement, business facilitation

Antonyms

trade barriers, commercial restrictions, import/export obstacles

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