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Yemen Accedes To WTO

by Lorys Charalambous, Tax-News.com, Cyprus

09 December 2013


Yemen became a member of the World Trade Organization (WTO) on December 04, 2013, after WTO Ministers officially approved the terms and conditions of the country's accession during the 9th Ministerial Conference in Bali, Indonesia.

The country must ratify the deal by June 02, 2014 and its membership will be finalized 30 days after it notifies the the WTO Director-General of its acceptance of its Protocol of Accession.

Trade Ministers of WTO member states welcomed Yemen's accession, saying that it will strengthen the multilateral trading system and make the WTO a more universal organization.

Director-General Roberto Azevêdo congratulated Yemen on having completed "far-reaching domestic reforms in challenging circumstances." He urged the country to "use the WTO platform to make its voice heard."

Yemen is the 35th least developed country in the WTO. It applied for WTO membership in 2000 and negotiations on its accession were concluded on September 26, 2013.

TAGS: World Trade Organisation (WTO) | Yemen | trade

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