OECS WTO Members Conclude Their Second Trade Policy Review PDF Print Email
Written by Media   
Thursday, 08 November 2007 15:25
OECS Member States who are also Members of the World Trade Organization successfully concluded the second review of their trade policies on Wednesday 7th November. The Trade policies of the OECS countries are reviewed every six years as part of a mechanism which assesses the extent to which Members adhere to their WTO commitments. 

The review comprised of reports prepared by the WTO Secretariat (an overview and national reports) along with national statements of the Members and a joint policy statement by the OECS-WTO Members prepared by the OECS  Secretariat. 

The review commenced on Monday 5th November with statements by the lead spokesperson for the OECS Hon. Guy Mayers, Minister of Trade, Industry and Commerce of St. Lucia. Hon Errol Cort, Minister of Finance and Economy from Antigua/Barbuda, Hon Louis Straker, Minister of Foreign Affairs, Commerce and Trade of St. Vincent and the Grenadines and Ambassador Patrick Antoine Grenada's Permanent Representative to the WTO made presentations. These statements outlined the initiatives that Member States have undertaken to adhere to WTO requirements and facilitate trade since the first review in 2001, such as the strengthening of their institutional and legal frameworks.  

The OECS pointed to the fact that its visibility and engagement in the WTO has increased with the establishment of the Joint Technical Mission in 2005. Member States outlined measures that have been taken to diversify their economies away from agriculture to services particularly tourism. They also highlighted the challenges they continue to face arising from their small size and vulnerability and emphasised that the pace of trade liberalization should be commensurate with their level of development. 

Members of the WTO commended the OECS Member States for their efforts to comply with WTO rules, restructure their economies and deepen economic integration. They were urged to continue to pool their resources through regional integration arrangements to meet their commitments particularly in the areas of intellectual property, sanitary and phytosanitary measures and technical barriers to trade and to further tax reforms. They were also commended for their level of engagement in the WTO. 

During their mission to Geneva, Ministers and delegations met with WTO Director General, Pascal Lamy. They exchanged views on the ongoing Doha Round Negotiations, Aid For Trade as well as the CARIFORUM-EU EPA negotiations. The Director General urged Ministers to identify the issues of priority to them and remain actively engaged in the negotiations in order to ensure that they achieve their objectives. 

Some Member States also participated in the banana dispute panel. Delegations also took the opportunity to meet with other trade support agencies located in Geneva such as the World Intellectual Property Organization and the Agency for International Trade and Co-operation. 

Last Updated on Saturday, 30 May 2009 17:30
 
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