Yemen signs Australia WTO Accession Deal
The Source: /www.sabanews.net - 09/10/2009
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After four-year negotiations, Yemen and Australia have signed a WTO Accession Deal, the third in this regard after the signing with the European Union and China, under bilateral talks with each, to finalize requirements for the accession.
The deal signed by Yemen's envoy to the Geneva-based U.N. Office Ibrahim al-Adoufi and Australia's representative at the WTO Peter Jerry was for custom fees or tariff connection of product items agreed by the states during talks as well as special obligations for market access for service providers.Commenting on the agreement, minister of Industry and Trade Yahya al-Mutawakil said the deal was as evidence for Yemen's commitment to its pledges toward the WTO member states in regard of market access and for progress on implementing political and economic reforms as well as improving trade legislation.It was also a step ahead for Yemen's to join the organization, he said, expecting to complete the already-launched bilateral talks with the rest members over the few next months.Most of the members have shown consent to the outcomes of both bilateral talks with each and multilateral talks, he said, adding all the members support Yemen to complete accession requirements."The deal will doubtlessly accelerate bilateral negotiations with other members for Yemen to get all concessions and avoid pressure over market access," he said.
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