Saudi FM discusses Syria's security and stability with Ahmed Al-Sharaa    Governor of NDF highlights development strategies at King Abdulaziz University panel    Trump shrugs off Elon Musk's criticism of AI announcement    Bank of Japan raises rates to highest in 17 years    Israel seeks to remain in Lebanon past Sunday withdrawal deadline    Firefighters make progress on Hughes fire as more fires erupt in Southern California    Trump says he will appeal federal judge's decision to temporarily block birthright order    China sentences man to death over attack on Japanese school bus    Injured Djokovic booed off after quitting semi-final    Alkhorayef meets global executives at WEF to boost Saudi industrial growth    Saudi crown prince and US secretary of state discuss over phone ways to enhance cooperation    NMC: Most Saudi regions to witness rain of varying intensity until Monday    Why do athletes earn such high incomes?    1.4 billion people traveled internationally in 2024 as tourism returns to pre-pandemic highs    Julian Quinones' brace secures Al Qadsiah's 2-0 win over Al Orobah    Al Ittihad defeats Al Shabab 2-1 to stay in title race with Al Hilal    Tina Turner's lost Private Dancer song rediscovered    Comeback queens, blockbusters and Succession stars: The Oscar nominations previewed    Dangerous drug-resistant bacteria are spreading in Ukraine    France issues health warning as tons 'aphrodisiac honey' seized    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



wto approves tonga)s bid to become 150th member
Published in Saudi Press Agency on 23 - 10 - 2006


year application process, ap reported.
the acceptance by all wto members is necessary before a
new member can be admitted, and tonga made a number of
agreements with different countries on opening up its
markets.
the kingdom of tonga is pleased that its sustained
efforts and commitment to a transparent and predictable
trading environment have led to its successful membership
of the wto and, through it, to a fuller integration with
the world economy, said tonga)s trade minister feleti
-sevele.
--tonga)s membership was approved at a meeting of---- wto
ministers in hong kong. it will officially become a member
30 days after the government has ratified the terms and
notified the wto, likely in early 2006.
the small south pacific island country has a population of
about 112,000, with per capita annual income of about
us$1,600. agriculture accounts for about 23 percent of gdp
and services for 63 percent.
wto chief pascal lamy called wto)s acceptance of tonga
truly significant, making it the fourth pacific island
state to join the wto after fiji, papua new guinea and the
solomon islands.
we will continue to work together to facilitate the
effective involvement of small economies such as tonga in
the work of our organization, lamy added.
as part of its accession package, tonga has agreed to make
several commitments to liberalize its trade regime,
including lowering all import tariff lines to 15 or 20
percent within one year. the country will also have to
eliminate all industrial subsidy schemes prohibited by the
wto by the final date of its accession.
but the international aid agency oxfam, citing leaked
documents on the membership package, said tonga)s accession
terms would put a great strain on the country because they
force it to slash the tariffs it pays on its vital public
services such as health and education.
the country will also have to open many of its vital
services to foreign companies ? including education,
hospitals and telecommunication ? endangering access to
essential services for the poor, oxfam said.
this is one of the world)s smallest and most vulnerable
economies, and the extortionist demands being made on it
should have no place in a )development round,) said
oxfam)s phil bloomer.
--spa


Clic here to read the story from its source.