Yemen News Agency (SABA)
Home      Local   International   Saudi Aggression on Yemen   Reports   About Yemen   Civil Society   Economic   About Saba  
Search | Advance Search
 
  Local
Army launches missiles on gatherings of Saudis soldiers in Asir
[24 September 2016]
Army, popular forces target Saudi military locations in Najran, Jizan
[23 September 2016]
Yemen Revolution leader calls to support Central Bank
[21 September 2016]
Presidential decree issued to grant general amnesty
[21 September 2016]
Presidential decree issued to form committee to supervise economic development
[20 September 2016]
 
  Saudi Aggression on Yemen
Saudi raid injures 16 people in Sa'ada
[24 September 2016]
Aggression kills two in Taiz
[24 September 2016]
Saudi war jets injure four in Ibb
[24 September 2016]
Saudi jets launch two raids on Serwah
[24 September 2016]
Saudi jets wage raids on Hodayda, Kamaran Island
[24 September 2016]
 
  Reports
Army's heroes keep advances against Saudi aggression on various front lines
[19 September 2016]
The Guardian publishes detailed investigation into Saudi aggression crimes against Yemen
[17 September 2016]
Blackwater's dirty tasks in Yemen (analysis)
[17 February 2016]
After declaring involvement in aggression, USA defeated in days
[16 February 2016]
Millions view hashtag USA_kills_Yemeni_people
[16 February 2016]
 
  International
180 Yemeni civilians killed by Saudi aggression air strikes in August: UN
[24 September 2016]
Urgent: Yemen's Rocket Battalion fires ballistic missile on Saudi military camp in Asir
[24 September 2016]
Army fired ballistic missile attack on Saudi air force base
[20 September 2016]
Yemen lose to Bahrain in U-20 friendly match
[19 September 2016]
Acting premier meets Iranian acting ambassador
[05 September 2016]
  Reports
Yemen and negotiations over WTO membership
[22/September/2010]


 
By Adnan Abdullah

SANA'A, Sep. 22 (Saba) - Since years, Yemen has conducted several meetings and agreements as move toward getting membership of the World Trade Organization (WTO).

Yemeni officials' hope that the bid of joining the WTO be concluded this year as membership of the body would boost economy of the country and provide access to technical assistance from the WTO and its 153 members.

They said that there was big progress towards the accession, expecting talks would be completed by the end of this year.

On Sunday, Minister of Trade and Industry Yahya al- Mutawakel headed for the Geneva leading the Yemeni delegation for the 8th meeting of the working group on Yemen' accession into the WTO.

Al-Mutawakel stated to Saba that the meeting is within final steps and negotiations for the accession.

He made it clear that such agreements are important for negotiations with the working group, adding that the government of Yemen had approved a package of legislations that would be amended and issued in accordance with the WTO agreements.

Last week, Yemen signed a bilateral agreement with South Korea on goods and services and a similar agreement would be signed with Japan soon, the minister said.

The German diplomat chairing the negotiations, Hartmut Roben said that he was encouraged by Yemen's efforts.

Reuters quoted Roben as saying "I am cautiously optimistic that Yemen's accession could approach its final stage over the coming months."

Roben said he hoped the working party could meet again this year to wrap up outstanding issues such as Yemen's treatment of services, intellectual property and customs valuation.

Director of Communication and Coordination Office with the WTO at the ministry of trade Hamoud al-Najar told 26september weekly and other media outlets that the main part of the accession is fitness of the country's investment and trade systems with the systems of other WTO member countries.

Such key part needs for legislative reforms in addition to financial and administrative reforms, al-Najar added, already Yemen has been carrying out general economic reforms since 1995 and a major component of these reforms have been in trade.

He mentioned some reforms taken place such as decrease the custom tariffs on imports.

Asked about expected disadvantages of the accession on the private sector, al-Najar said it is better for the national economy to allow real competition to take place which means more business.

He said that the private sector needs to step-up its act and learn to compete in international markets.

Prospective members of the WTO have to reach agreement with a group representing all current members and on a bilateral level with any member that requests it.

Yemen applied to join the WTO in 2000, and membership talks have picked up since 2005, especially in the last three years.

The WTO is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. 

The goal is to help producers of goods and services, exporters, and importers conduct their business.



Saba
  more of (Reports)
UPDATED ON : Sat, 24 Sep 2016 17:35:01 +0300