Business

Breaking News

Liberias Accession Package adopted by WTO

Patrick Flomo/Benjamin S. Taingay

(elbcradio.com/Oct. 7, 2015)-The World Trade Organization (WTO) has adopted Liberia’s Accession Package.

It followed the presentation of the Draft Accession Package to members of the Working Party on Liberia’s Accession to the WTO.

This represents the final process of the country’s accession process in its road-map to join the WTO during the Ministerial Ten Conference to be held December in Nairobi, Kenya.

The Nairobi Ministerial Ten Conference represents the first time the WTO conference will be held in Sub-Saharan Africa since its inception in 1995.
The Ten Ministerial Conference coincides with the twentieth anniversary of the organization.

The acceptance of Liberia in December will make the country the last in Africa to join the organization and it now joins the rest of the ECOWAS countries as members of the WTO.

Liberia’s membership is timely as the Nairobi Ministerial Ten Conference tables many issues, particularly the ones that are most important to the Continent.

Support for the development of developing and least-developed countries to improve their trade competitiveness is among the many issues to be tabled for negotiation. Other issues to be tabled for negotiation are agriculture and market access, and capacity building on trade facilitation.

Earlier, Liberia presented its Draft Accession Package to members of the Working Party on Liberia Accession to the WTO Tuesday, October 6, 2015 for adoption ad referendum.

The Liberian Delegation is led by its Chief Negotiator, Axel Addy. Commerce Minister Addy will participate in the final working party meeting, and will also host the Friends of Liberia Accession Event to recognize partners’ support to the accession process.

Members of Liberia’s delegation were Ambassador Joakim Reiter of Sweden, Chair of Working Party on Liberia’s Accession, Senator Jim Tornorlah of Margibi County, and Chair of the Senate Committee on Commerce and Industry, Paul Tate.

Others are the Charge d’Affairs at Liberia’s Mission to UN Organization in Geneva, Deputy Director General of the Liberia Broadcasting System, Patrick Honnah and Deputy Agriculture Minister, Seklau Wiles, among others.

The delegation was supported by several Liberian technicians and partner organization technicians including Swedish National Board of Trade (NBT), with support from Swedish International Development Cooperation (SIDA).

Other supporting units included the International Trade Center (ITC), United Nations Conference on Trade and Development (UNCTAD), the World Trade Organization (WTO), King and Spalding, IDEAS Center, and the Advisory Center on WTO Law (ACWL).

 


Copyright 2012 Mylbsonline.com All Rights Reserved.