Yemen to become 160th WTO member
Tuesday, June 03, 2014
By Chris Gillis
Yemen is expected to become the 160th member of the World Trade Organization on June 26.The country submitted its “Instrument of Acceptance” to the WTO director general on May 27 confirming its membership terms. In the acceptance, the Yemeni government declares the law approving the country’s Protocol of Accession enacted by parliament was issued by the Yemini president on May 11.
Yemen applied for WTO membership in April 2000. It completed its application process on Sept. 26, 2013. Trade ministers of WTO members officially approved Yemen’s accession on Dec. 4, 2013, during the Ninth Ministerial Conference in Bali, Indonesia.
Yemen is the seventh least-developed country to accede to the multilateral trading system since the WTO was established in 1995.
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