28 -April - 2014 : House of Representatives approved Yemen's protocol of accession to the WTO in the presence of Minister of Industry and Trade, Dr. Saad Taleb and a number of officials and specialists in the ministry .. It is worth mentioning that House of Representatives has discussed the report of the Committee on Trade and Industry on the results of studying the said Protocol and the commitment of the government, the recommendations to the council.
In its weekly session on 1st of May , the Knowledge forum has organized its second debate which was assigned to discuss an important issue which is Yemen accession to WTO. The debate was titled " Yemen accession to WTO improves investment and trade environment and enhance economic development ratio".
The target of the debate was to shed light on potential benefits of accession to WTO conferred by Yemen accession as parliament has ratified the protocol of accession and accession package a week ago, and hence Yemen would be a WTO member No.160 the one month after filling the ratification at the WTO.
On 4 December 2013, Yemen cleared the final hurdle to become a WTO member. WTO Ministers adopted Yemen’s WTO terms and conditions of entry at the 9th Ministerial Conference in Bali, Indonesia. Yemen will have until 2 June 2014 to ratify the deal and would become a fully-fledged WTO member 30 days after it notifies the acceptance of its Protocol of Accession to the WTO Director-General.
Trade Ministers of WTO member countries welcomed Yemen as a new member to the Organization and called this accession a historic achievement. Yemen’s accession to the WTO will strengthen the multilateral trading system, making the WTO a more universal organization, Ministers stressed.
The World Trade Organization approved the accession of Yemen at a ministerial meeting Wednesday, clearing the way for the Middle East country to become its 160th member by mid-2014.
Yemen, which applied to join the global trade club in April 2000, will become a formal member 30 days after domestic ratification by June 2 next year. The four-day ministerial meeting on the Indonesian island of Bali started Tuesday.
Members of the Working Party on the Accession of Yemen agreed on 26 September 2013 the terms of WTO membership for Yemen. The accession package will be presented to the 9th Ministerial Conference in Bali, 3-6 December, for a formal decision by ministers.
Director-General Roberto Azevêdo welcomed the decision of the Working Party. “I am honoured to close my first accession chapter as the new WTO Director-General,” said Mr Azevêdo. “The accession of Yemen will further the universal nature of the multilateral trading system. I am sure that integration into the global trading system will help spur Yemen’s economic growth and promote further social development.”
The Head of the Communication and Coordination Office with the World Trade Organization, Dr. Hamoud Al-Najjar stressed that (the negotiations with El Salvador began two years ago when it appliedfor Initial Negotiation Rights for some tariff lines, and because El Salvador did not requested any meeting with the Yemeni delegation during the past two years, no bilateral negotiations were held.
Yemen and the Republic of Honduras signed bilateral agreement on market access of goods in the framework of negotiations on the bilateral level for Yemen's accession to the World Trade Organization (WTO). Dr. Yahya Al-Mutawakel, Minister of Industry and Trade, Chairman of the National Committee for the Preparation and Negotiation with the World Trade Organization said that this agreement comes within the framework of completion of the basic requirements for our country’s accession to the WTO that include the completion of bilateral negotiations with WTO members.
In completion of Yemen’s obligations to join the World Trade Organization, a tangible progress have been made in the legislative aspect that in line with the legislation of the Member States of the Organization.
Dr. Yahya Al-Mutawakel, Minister of Industry and Trade, Chairman of the National Committee for the preparation and negotiation with the WTO said that the progress made in the legislative aspects that Yemen is committed to complete in order to join the organization is a positive indicator and is compatible with the plans adopted by Yemen to join the WTO.
Al-Mutawakel clarified that the completion of Industry and Trade Committee of the House of Representatives, as well as the relevant committees from discussing the laws, which are expected to be approved by the House of Representatives soon, is a step in the right path to complete the obligations for Yemen's accession to the WTO.
Minister of Industry: No particle or technical complexities to Yemen's Accession to the WTO
The Minister of Industry and Trade Dr. YahyiaAl-Mutawakelconfirmed today that there are no obstacles in the process of Yemen's accession to WTO, but basically there are only requirements to conform legislations with WTO.