Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Antigua and Barbuda Government : World Trade Organisation to Review Trade Policies of OECS Member States in 2014

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/23/2013 | 03:03pm CEST
World Trade Organisation to Review Trade Policies of OECS Member States in 2014

OECS Member States are to undergo a review of their trade policies by the World Trade Orgainsation(WTO) in June 2014 and their preparation for this is being boosted by assistance from the OECS Secretariat's Geneva Technical Mission and its Trade Policy Unit.

Programme Officer at the OECS Secretariat Alicia Stephen says the trade policies of the OECS Member States are reviewed by the World Trade Organisation every six years: "The assistance that we give to the Member States helps to co-ordinate their participation because the review process involves extensive data collection on trade policy, trade performance and it goes through a range of issues such as standards, health and food safety, competition  policy, price control, investment , sector policy, tariffs, non tariff measures  etc. So we assist the member states by helping them to gather all this information as well as mobilizing resources and accessing technical assistance so they can provide the information and participate in the drafting of the final report which is the review of their trade policy."

The Trade Policy review for  OECS Members States is one of the requirements of the WTO membership and is meant to assess the compliance of countries with WTO rules and integration in the multilateral trading system.

The last review was conducted in 2007: Stephens spoke to the OECS News Link about the benefits of such a review to the OECS Member States: "The good thing about the review is that it is not the basis for any sought of action to be taken against Member States if they do not comply. What the review does for our Member States is that it gives them an assessment of where they are in terms of their ability to implement the commitments that are set out when they signed on the WTO and it also gives them a global view of their Trade Performance not just in terms of figures but in terms of the reforms they have undertaken since their last review. The review also looks at emerging issues such as competition policy and trade facilitation which are not yet within in the ambit of the WTO but is there to signal to the Member States in a certain way what their state of preparedness is to engage in those other issues. It also reviews specific sectors that are important to the OECS Member States such as Tourism, Agriculture and Manufacturing Services, and assesses what the policy environment is for businesses within those sectors."

The OECS Trade Policy Unit says each OECS Member State is required to prepare a statement on its trade policies. The OECS Secretariat also prepares a regional trade policy report while the WTO prepares a statement on each member state's policies as well as the OECS trade policy. To date, member states have identified focal points for the review and have begun collecting data for the country statements.

The OECS Secretariat is to convene a regional preparatory meeting in St. Lucia from May 28-29 2013 towards agreeing on a plan for the review by the WTO.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
03:41p SHAKE-UP AT FIESTA : Execs step down, Board halts Pollo Tropical Texas development and Taco Cabana sale
03:41p EXCELSIOR MINING : to Webcast, Live, at VirtualInvestorConferences.com's OTCQX October 5 Event
03:41p Quanterix and ImmunArray Teaming Up to Address Neurodegenerative Disease
03:40p ECHA EUROPEAN CHEMICAL AGENCY : 28 September 2016 - Press release The ECHA Management Board elects a Chair and Deputy Chair
03:40p ICC INTERNATIONAL CHAMBER OF COMMERCE : Business issues recommendations on new global agreement to support e-commerce for SMEs
03:40p ZILLOW : What It Really Costs to Live 'Tiny'
03:40p CGIAR CONSULTATIVE ON INTERNATIONAL AGRICU : system retools to fight hunger and climate change
03:40p RENEWABLE ENERGY : EPP Group advocates for more in Europe
03:40p SK : 2016 FW Tommy Hilfiger New York Fashion Show “WELCOME TO NOW”
03:40p NIFCO : Product information has been renewed and completely updated
Latest news
Advertisement
Hot News 
3.22%PHOENIX : to Buy Abbey Life From Deutsche Bank Unit for GBP935 Million
0.56%SABMILLER : Shareholders Approve AB InBev Merger
-2.95%German nuclear commission warns of delay to waste storage deal
4.05%SMITHS : Engineering firm Smiths posts higher-than-expected revenue, profit
3.02%AA : Motoring group AA considers pension deals as deficit widens
Most Read News
05:52a ROYAL BANK OF SCOTLAND : RBS to pay $1.1 billion to resolve some of its U.S. mortgage claims
05:54a BOEING : British sun worshippers help TUI outshine Thomas Cook
07:47a Deutsche gets lift from $1.2 billion sale of Abbey Life to UK's Phoenix
09/27 E D F : EDF board confirms approval for Hinkley Point decision
05:01a STANDARD CHARTERED : StanChart tells authorities about corruption allegations at Indonesian firm
Most recommended articles
09/26Predicting the U.S. Elections With The WMA Trump/Clinton Barometer
09:37a DEUTSCHE BANK : CoCo bonds trading surges as crisis deepens
09:36a LONDON STOCK EXCHANGE : Swiss Exchange confident of post-Brexit access to EU stock market
09:35aDJAustralia Seeks More Information on BP's Drill Plan
09:33aDJPAYCHEX : Profit Rises 4% as Client Base Continues to Grow