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Last updated: 10:01:17 PM GMT(+03) Sunday, 08, July, 2012
 
 

Yemen to Join WTO in 2012

 
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 Yemen Post Staff

Yemen is on the final stage of the negotiations with the World Trade Organization and is expected to join the main international club this year, a WTO statement has said.
Yemen applied for membership in the WTO in April 2000 and has since achieved remarkable progress towards the accession requirements including streamlining key legislature.
Officials at the trade and industry ministry said Yemen has held successful bilateral talks with all members of the organization, except Ukraine, a European country which has been as a big roadblock on the country's way to the WTO.
A Yemeni official Ukraine has delayed Yemen's entry into the WTO over the past few years.
But other officials affirmed Ukraine has recently started to ease its conditions, especially after Yemen asked help from other countries to convince this country to remove tough conditions because Yemen is one of the least developed countries.
Under the WTO rules, candidates for membership in the organization should hold bilateral talks with each member which has the right to put forward conditions in line with its economic goals and ambitions. The rules, however, urge the members to help the least developed countries enter smoothly.
The official said some of the conditions put by Ukraine seemed 'impossible', mainly those which called for zero custom tariffs and others focused on goods access terms.
Economists said Yemen's accession into the WTO will help its economy, which has been largely affected by challenges deepened by the latest developments.
They argued that Yemen will benefit important things including its commitment to product quality and production improvements.


Yemen Post Staff
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Source: Yemen Post Newspaper
 
 
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