//
you're reading...
Trade, Vanuatu

Vanuatu formally joins WTO

Hon. Ham Lini signs Vanuatu's accession to the WTO

Vanuatu has formally joined the World Trade Organisation.

“With Vanuatu the WTO receives a least-developed country into the family. Its membership will strengthen the multilateral trading system and provide this country with a stable and predictable trade environment. Vanuatu’s accession brings the WTO one step closer to our goal of universal membership” declared WTO Director General, Pascal Lamy.

In response, deputy Prime Minister Ham Lini said, “This is a happy moment of historical significance for Vanuatu. This accession will bring substantial gains to our country.”

As a result of the accession negotiations, Vanuatu has agreed to further liberalize its trade regime and accelerate its integration in the world economy, while offering a “transparent and predictable environment for trade and foreign investment.”

Vanuatu committed that from the date of accession, it will fully apply all WTO provisions and did not require recourse to any transitional period except on intellectual property and on the publication of trade information.

More details at Pacnews

Advertisements

About Samantha Magick

Journalist and editor

Discussion

Trackbacks/Pingbacks

  1. Pingback: Samoa closer to WTO accession « Islands Asia business link - October 31, 2011

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

Archives

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: