Yemen to become 160th WTO member
By depositing the document with Director-General Roberto Azevedo, Yemen activated the 30-day countdown to its WTO membership which will be effective on 26 June 2014. In the Instrument of Acceptance, the Yemeni government declares that the law approving Yemen’s Protocol of Accession enacted by Parliament was issued by the President of Yemen on 11 May 2014.
Yemen applied for WTO membership in April 2000. It completed its application process on 26 September 2013 when the Working Party concluded its accessions negotiations and adopted the report of the Working Party ad referendum (ie subject to formal approval by the Ministerial Conference).
Trade ministers of WTO members officially approved Yemen’s accession on 4 December 2014 during the Ninth Ministerial Conference in Bali, Indonesia. The Protocol of Accession was signed by H.E. Dr Saadaldeen Talib, Yemeni Minister of Trade and Industry, and WTO Director-General Roberto Azevedo.
Yemen is the seventh least-developed country (LDC) to accede to the multilateral trading system since the WTO was established in 1995. As an LDC, Yemen will benefit from technical assistance and capacity building from the WTO Secretariat to support the implementation of its accessions commitments, negotiate trade rules and develop the trade-related skills and infrastructure needed to benefit from its WTO membership. ■