ELI5: Explain Like I'm 5

Trade Facilitation and Development

Trade facilitation and development means making trading between countries easier and quicker. It includes changing or updating certain laws or regulations to make trading easier. For example, if a country sets up laws or regulations that make it quicker and easier for goods to pass through its borders, it would help other countries in trading with that country. These changes often help make trading cheaper and quicker, which means it can help countries develop by increasing their access to goods, services, and money.