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
11:15p FANTEX, INC. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits (form 8-K)
11:15p GENER8 MARITIME, INC. : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
11:15p WESDOME GOLD MINES : Announces Appointment of Duncan Middlemiss as President and CEO
11:15p ONESOFT SOLUTIONS : Reports Financial Results and Provides Business Update for the Three Months Ended May 31, 2016 and Announces Granting of Stock Options
11:15pDJVERTEX PHARMACEUTICALS : Pharma Loss Narrows as Cystic Fibrosis Drug Sales Grow
11:15p ViON Appoints Clint Green as Director of Advanced Analytic Strategy and Development
11:13p NOBLE CORP PLC : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
11:13p GAMESTOP : Parking-lot con swipes Nintendo DS from woman at GameStop
11:12p Marvell reports 1Q loss
11:12p HORACE MANN EDUCATORS CORP /DE/ : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
Latest news
Advertisement
Hot News 
13.38%EPIQ SYSTEMS : Agrees to $627 Million Buyout
11.64%GARMIN : Shares Soar on Strong Earnings
-9.54%CARTER : Shares Fall on Weakened Outlook
-28.57%ALERE : Faces Criminal Probe Over Medicare, Medicaid Billing
-9.40%Gannett Revenue Climbs but Misses Views
Most Read News
01:00p BREAKING BARRIERS : 2016 HR Technology Conference to Host Inaugural Women in HR Technology Pre-Conference Event
07/26 Wall St. mixed, Apple impresses and Twitter disappoints
04:45a Santander's Brazilian bounce offsets profit hit from one-offs, Brexit
Most recommended articles
05:10p TSX ends slightly lower as oil gloom drags on energy sector
05:00p FACEBOOK : trumps estimates on blistering ad sales growth
05:00pDJALERE : Faces Criminal Probe Over Medicare, Medicaid Billing -- Update
04:59p Yen slips as central banks' views leave stocks mixed
04:56pDJAmgen Profit Rises 13%, 2016 Outlook Raised