Libya to start talks with WTO on membership bid
WTO members agreed earlier this week to start talks with Libya on its membership bid, bringing the current number of applicant countries to 25.
The decision was taken in the General Council. Following the normal procedure for negotiating membership, the General Council agreed to set up a working party to examine Libya’s application, the first step in the accession process. Libya first applied to become a WTO member in December 2001.
The working party, whose participation is open to all WTO members, will start its work as soon as a chairperson is appointed by the chairman of the General Council in consultations with representatives of members and the representative of Libya.
As an applicant country, Libya will also be an observer to the WTO during the membership negotiation.
Ms. Najat Mehdi Al-Hajjaji, ambassador and permanent representative of Libya to the WTO, addressed the General Council immediately after the decision.
She said her country looks forward to WTO membership with the aim of achieving economic development, diversification of its sources of income, the attainment of economic benefits and the consolidation of good trade and economic relations with WTO member states, for the accomplishment of economic development for all. (menareport.com)
© 2004 Mena Report (www.menareport.com)