Boeing has issued a statement praising the news government officials representing members of the World Trade Organisation have successfully negotiated a new trade package that includes a Trade Facilitation Agreement.

“The trade agreement announced this past weekend is a positive development for global trade and for the millions of Americans who provide products and services to global markets,” explained Boeing.

“The Trade Facilitation Agreement that is the centrepiece of the package is especially important because it will cut red tape at borders throughout the world and boost global economic activity.

“Companies large and small will now find it simpler, faster and less costly to access the markets of the 159 member nations of the World Trade Organisation.

“We commend the administration’s negotiating team, led by US trade representative Michael Froman, for its leadership in guiding what were oftentimes difficult negotiations to a successful conclusion.”