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Thursday, 26 January 2012

LDCs accession process guidelines set to improve

As called for in a decision by the Eighth WTO Ministerial Conference, the accession process of Least Developed Countries (LDCs) is expected to be improved:  The Sub-Committee on LDCs recently agreed to start work on developing recommendations to “further strengthen, streamline and operationalise” the current guidelines. Some of the LDCs in the process of acceding to the WTO are:  Ethiopia, Laos, Liberia, Comoros, Sao Tome & Principe, Sudan, and Equatorial Guinea.
Speaking on behalf of the LDC Group, Bangladesh said that the decision on LDC accession was a significant result of the Eighth Ministerial Conference, and urged members to adhere to the deadline of July 2012 to complete the work. The European Union along with Australia, China, Hong Kong (China), Japan, Turkey and the United States said to participate constructively in the upcoming consultations to ensure a productive outcome that would further facilitate the accession of LDCs to the WTO.
The next formal meeting of the Sub-Committee will take place next April 2012.

Source: WTO