OECS Member Countries to Discuss Trade Policy Review Mechanism This Week PDF Print Email
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Thursday, 09 August 2007 15:43
OECS Member States that are also members of the World Trade Organisation (WTO) are to discuss a WTO report on their trade policies and practices later this week.

The draft report, which was produced by the WTO Secretariat in July, will be reviewed by the relevant OECS member countries from August 9 to 10 in St. Lucia. The discussions are to provide an opportunity for the WTO general membership to examine the status of implementation of committment to liberalise trade by its members under review and the impact of other members’ trade policies on the region.  Participants will review the WTO Secretariat document and provide feedback for incorporation into a final version by August 27 2007.

Virginia PaulVirginia Paul is the new head of the OECS Trade Policy Unit which has been assisting OECS Member States with the review of their Trade Policy.

“As members of the WTO their trade policy comes up for review periodically. This is the year for review. We have been supporting them in that work and that will continue right up until the end of the year. The seminar is part of the Trade Policy Review process which is one of the transparency mechanisms of the WTO. All WTO members are required to undergo a review at regular intervals. Developing countries such as the OECS Member States are usually reviewed every six years.  The first review was conducted in June 2001, and the next one is scheduled for November 2007.” -Paul

Aid for Trade (AFT), an issue that has been generating significant interest in the Doha Round of negotiations at the WTO since the Hong Kong WTO Ministerial Meeting in 2005, will also feature on the meeting’s agenda. It is intended to be a mechanism to provide assistance for developing countries to benefit from trade liberalisation by enabling them “to build the supply-side capacity and trade-related infrastructure”. WTO members are still debating the definition and modalities for delivery of AFT.

Trade Policy Review MeetingTrade officials and representatives of regional organisations including the OECS Secretariat, The Eastern Caribbean Telecommunications Authority ECTEL, The Eastern Caribbean Central Bank ECCB, The Caricom Regional Negotiating Machinery CRNM and the Geneva-based Agency for International Trade Information and Cooperation AITIC will be attending the  two-day meeting. 

AITIC is working with the OECS Secretariat to facilitate the attendance of trade officials from the Member States at this seminar. This assistance falls within the ambit of the Memorandum of Understanding (MOU) signed between the OECS and AITIC in December 2006 to formalize several years of fruitful collaboration.

Six of the nine OECS Member States are members of the World Trade Organisation Antigua and Barbuda, Dominica, St. Lucia and St. Vincent and the Grenadines are founding members, having joined in 1995 when the WTO was created. Grenada and St. Kitts-Nevis joined the WTO in 1996. The OECS is among the three regions that present their Trade Policy Review as a group rather than as individual countries.  The others are the East African Community and the Southern African Customs Union.
Last Updated on Saturday, 30 May 2009 17:20
 
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