Tigrai Online Jan. 16, 2013
Ethiopia may be eligible to join the World Trade Organisation (WTO) by 2014, according to officials at the organisation.
The announcement that the country may be able to join the WTO within the next two years was made by Pascal Lamy, out-going Director General of the organisation while visiting Ethiopia to hold talks on the potential WTO membership.
Lamy met with Ethiopia’s Minister for Foreign Affairs, Dr. Tedros Adhanom to discuss the accession procedures and requirements for membership, which the country has been working to meet for some time.
Ethiopia made its initial application to become part of the WTO in 2003, and a Working Party to consider and guide the country’s accession was set up in February of the same year.
Key issues pertaining to Ethiopia joining the WTO have surrounded the opening up of currently state-monopolised sectors, such as the telecommunications and finance sectors, while the country has also been called upon to allow investment by foreign entities.
Ethiopia’s human rights policies and practices have also come under scrutiny over the protracted application process.
Source: VENTURES AFRICA