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

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 CET
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
09:43a OPEC, Russia see smooth road to global deal on output cut
09:42a OPEC, Russia see smooth road to global deal on output cut
09:42a HEALTHSOUTH : Novant rehab facility gets OK Novant gets final approval for rehab facility $28.3 million inpatient center would replace current facility
09:42a YADKIN FINANCIAL : Shareholders approve Yadkin deal Shareholders approve Yadkin deal F.N.B. would gain its first presence in N.C. with 98 branches
09:34a DEE VALLEY : Ancala Gets Dee Valley Employee Backing For Takeover
09:34a INTERGLOBE AVIATION : How to dominate this year's design trends By Cathy Hobbs
09:33a COMCAST 2CPS29 : Local fiber providers react to city's Axia pick
09:32a PORSCHE AUTOMOBIL : Hangar full of cars perfect for a 'My Favorite Ride' holiday party
09:26a TWENTY FIRST CENTURY FOX : Murdoch's Twenty-First Century Fox bids $14 billion for Sky
09:25a NIOC NATIONAL IRANIAN OIL : Shell Sign Deal with Iran to Study Major Oil Fields
Latest news
Advertisement
Hot News 
-18.13%RESTORATION HARDWARE : Hit by Business-Model Changes
1.99%BANK OF CHINA : Leads Bailout of Troubled Steel Trader
4.83%France's Elior eyes further profit, sales growth
-7.04%Macau eases gambling crackdown concerns after casino shares tumble
-14.17%SIBANYE GOLD : to Buy Stillwater Mining for $2.2 Billion--Update
Most Read News
03:26a TWENTY FIRST CENTURY FOX : Murdoch's Twenty-First Century Fox bids $14 billion for Sky
12/09 Aetna CEO defends merger with Humana in antitrust trial
12/09DJDOW CHEMICAL : Trump Names Dow Chemical CEO Andrew Liveris to Lead Manufacturing Council
12/09 HON HAI PRECISION INDUSTRY : Taiwan's Hon Hai, Japan's Sharp jointly eye major LCD plant in China
12/09 CRH : Four Corners Materials acquires paving company
Most recommended articles
03:26a TWENTY FIRST CENTURY FOX : Murdoch's Twenty-First Century Fox bids $14 billion for Sky
02:49aDJA Refresh at Coke's Helm As Quincey Is Named CEO -- WSJ
12:52aDJDOW CHEMICAL : Trump Names Dow Chemical CEO Andrew Liveris to Lead Manufacturing Council -- Update
12/09 EXXON MOBIL : CEO is now Trump's secretary of state favorite -transition official
12/09 ANDREW LIVERIS : Trump names Dow Chemical CEO Liveris to head Manufacturing Council