Video guest: Josephine Mwangi

December 2017
M T W T F S S
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



SELECT_TAGS :
















Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

Wednesday, 02 November 2011

Commission welcomes Vanuatu's accession to the WTO

The General Council of the World Trade Organisation (WTO) cleared the way for the WTO accession of Vanuatu, one of the 14 island states in the Pacific. The European Commission welcomes this development which will bring the number of WTO member countries up to 154. Vanuatu's WTO accession is expected to make a positive and lasting contribution to the process of economic reform and sustainable development in the country, which ranges amongst the Least Developed Countries (LDCs) according to United Nations criteria. The EU supports the full integration of Vanuatu's economy into the multilateral trading system and welcomes that the terms of accession are fully in line with the developmental requirements of this small and vulnerable economy.

Following the decision by the General Council, which is made up of all WTO Member States, Vanuatu now has 6 months to ratify its accession package. It will become a full Member of the WTO 30 days after the ratification date.

After its accession Vanuatu will benefit not only from market openings, but also from the solid set of rules provided for by the WTO framework which create conditions for increased trade and investment.

Source: European Commission

Tags: