Global Arab Network | Yemen to complete requirements of accession to WTO by end of 2010

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Yemen to complete requirements of accession to WTO by end of 2010

Global Arab Network - - George Haddad

Monday, 15 November 2010 16:54

Yemen (Sana’a) – Yemen Minister Industry and Trade Yahya al-Mutawakil confirmed that Yemen is determined to complete requirements of accession to the World Trade Organization (WTO) by end of this year, Global Arab Network reports according to (Saba).

This came after signing a bilateral agreement between Yemen and Honduras within the completion of requirements for Yemen's accession to the WTO.

This agreement is the seventh one after signing similar agreements with European Union countries, China, Canada, Australia, Japan, and South Korea, in addition to the agreement initialed with the United States of America.

Al-Mutawakil, Head of the National Committee to prepare and negotiate with the WTO, considered what has been achieved by Yemen at the level of bilateral and multiple negations is a real indication on the progress made towards the accession according to the schedule agreed upon with the organization.

"At the level of bilateral negations, Yemen still have negotiations only with two states, Ukraine and El Salvador, and there are significant efforts to complete negotiations and sign bilateral agreements with the two countries during the coming period", said al-Mutawakil.

He noted in a statement to Saba to Yemen's commitment to its obligations in the legislative aspects through the package of legislations approved by the government and referred to the Parliament, which in turn endorsed a number of them.

Al-Mutawakil expressed his confidence and appreciation for the efforts made by the Parliament to complete the issuance of the rest of laws and regulations required within the completion of the accession requirements.

The agreement, signed on yesterday in Geneva by Yemen's permanent representative to the UN in Geneva Ibrahim al Adoufi and Honduran ambassador to the WTO Dacio Castillo, included offers on access to markets in goods and services areas.

Global Arab Network

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