.Yemen-WTO 7th negotiation round to be held end 2009
The Source: sabanews.com - 24/09/2009
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Head of the Communication and Coordination Office with the World Trade Organization (WTO) Hamoud al-Najaar has expected the 7th negotiation round of the special work team of Yemen accession to WTO to take place before the end of the current year In a statement to Saba, al-Najaar pointed out that the 6th negotiation round, held in Geneva, June 2009, came out with important results within the framework of Yemen's efforts to finalize requirements to join the WTO and merge its economy with the world economies.He made clear that Minister of Trade and Industry, head of the Yemeni Negotiation Team, Yahya al-Mutawakil asked in the 6th round to shed light on draft report of the work team in the coming round, affirming commitment of Yemen to improve and update action plans and the legislative plan.Al-Najaar indicated that, on the sidelines of the 6th negotiation round, they signed a bilateral agreement with the European Union to get access to markets within the frame of the Organization requirements, considering this agreement a real and strategic base for Yemen to finalize its negotiations to join WTO end of 2009."A number of bilateral negotiations were held with Australia, Canada and North Korea as they are assigned to negotiate with Yemen in this respect," he added.Al-Najaar affirmed getting access to WTO would open the door for international investment flow and would reinforce trust in the Yemeni investment environment, noting that if Yemen could not join the Organization it would lead to separating it from world trade development.
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