SABA - Yemen news agency

Print date: 25-06-2018
Article link: http://www.sabanews.net/ar/news211992.htm
  Economy
Action plan for Yemen's accession to WTO approved
[19/April/2010]
SANA'A, April 19 (Saba) – The Public Policies Committee on Yemen's accession into the World Trade Organization (WTO) approved on Monday an action plan for Yemen's accession to the WTO at the end of 2010.

The plan includes a range of activities such as modernizing the draft report of the ­Working Group and the consultative meeting of the group with the WTO's secretary and conferencing on the agriculture and standardizing the table of goods and services and the distribution of the draft report of the work team and the final meeting of the team to adopt the package of accession and other relevant activities.

The committee approved the legislative plan accompanying the accession process and the later years until 2014.

The plan is based on reviewing about 10 laws and amending them to comply with conventions and requirements of the accession in order to enhance the investment environment and ensure the investments inflow to Yemen.

The package of review procedures pointed out that there are about 5 laws being revised by the parliament after they were approved by the government, while reviewing of the rest other laws is ongoing by the concerned ministries and competent authorities.

The committee was briefed on the report of Minister of Industry and Trade on the results of the 17th meeting of the Working Group on accession of Yemen to the WTO, which was attended by 38 countries.

The report noted to the positive outcomes of the meeting and the encouraging signs by most representatives of the concerned countries, which confirm their support to Yemen's accession into the WTO.

The report dealt with the bilateral technical meetings of the head and members of the Yemeni negotiating team for the accession.

BA