The day after recording this podcast with Dr. Russ Hillberry, who predicted imminent ratification of the World Trade Organization's (WTO) Trade Facilitation Agreement, on February 22, the agreement was in fact ratified. This marks the first major multilateral trade agreement reached since the WTO was created more than 20 years ago, aiming to streamline cross-border trade to the benefit of the developing world in particular. Listen as Ken and Jessica discuss the details of this now-ratified agreement and what it means with this Purdue agricultural economist.