Vanuatu Finalises Negotiations On WTO Membership
Vanuatu has finalised its discussions with
the World Trade Organisation and is now set to be formally approved for
membership at the 4th WTO ministerial conference Doha, Qatar, (November
9-13) and the government says that parliament is expecting to sanction
the agreement early next year. The value of Vanuatu's exports, largely comprising
coconuts, beef, cocoa, timber, coffee and kava root, came to around 50
million dollars last year. Officially classified as one of the least-developed
countries in the world, Vanuatu began negotiations to join the WTO with
the creation of a Working Party in 1995. Members of the Working Party agreed to keep
meetings to the minimum necessary and to accelerate the accession process
as much as possible at both the bilateral and multilateral level. .
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