Trade facilitation refers to the processes and procedures that simplify and streamline international trade. It involves reducing barriers, such as excessive paperwork and customs delays, to make it easier for goods to move across borders. By improving efficiency, trade facilitation can lower costs and enhance the competitiveness of businesses engaged in global trade. Key elements of trade facilitation include the use of technology, better coordination among government agencies, and standardized regulations. Organizations like the World Trade Organization (WTO) promote trade facilitation to help countries improve their trade systems, ultimately benefiting economies and consumers worldwide.