TNT

TNT:

Tishwash:  So they got their ceremony…. if Iraq is in why not do there’s too?

Comoros and East Timor join the World Trade Organization

The Republic of the Comoros (officially known as the Comoros Union) and the Democratic Republic of Timor-Leste have officially joined the World Trade Organization, becoming the organization’s 165th and 166th members, and the first two new countries to join since 2016.

 After the accession of the Comoros and East Timor, the number of least developed countries, as defined by the United Nations , in the World Trade Organization increased to 37 countries.

The joining of the two new countries came at a ceremony held for this occasion on the opening day of the Thirteenth Ministerial Conference of the World Trade Organization, which the UAE is hosting in the capital, Abu Dhabi , from February 26 to 29.

Welcoming the accession of the Comoros and East Timor, Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and Chairman of the Thirteenth Ministerial Conference of the World Trade Organization, said: “International trade is a major contributor to development efforts, and expanding access to supply chains to include developing countries and countries is important.” “The least developed is one of the main topics of the Organization’s Ministerial Conference.”

He added: “This accession constitutes a major boost for the Comoros and East Timor and their economic aspirations in the coming years. This accession also represents an excellent beginning for the conference and for the commitment of member states to work together to adopt a global trade system that suits all.”

Membership in the World Trade Organization is a milestone for both countries, as it means that all members of the World Trade Organization must now grant trade with the Comoros and East Timor the full legal rights stipulated in the WTO treaties, and it also means that they will be able to participate in monitoring these treaties and negotiating. regarding it in the future.  link

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Thoughts From Holly: 

” Today, Algeria, Comoros, Iraq, Lebanese Republic, Libya, Somalia, Sudan and the Syrian Arab Republic are in the process of Article XII accession…”

8 countries joined the WTO yesterday. Iraq was one of them. It’s on the WTO website.  The WTO meeting ends Feb. 29th. ~ Holly

 READ IT FOR YOURSELF!

https://www.wto.org/english/thewto_e/acc_e/acc_2402202409_e/acc_2402202409_e.htm

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Goldilocks:    WTO Iraq Announcement:

“Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in… The capital, Abu Dhabi,” pointing to “the completion of the requirements for Iraq’s access to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.”

Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward.

As a full member of the WTO, they will need a rate to fully participate in this inclusion.

This is truly a monumental achievement for Iraq, and something the world has been waiting for a long time.

© Goldilocks