Pakistan monsoon death toll rises to 299, including 140 children    Saudi Arabia issues new regulations for food laboratory operations    Saudi Tourism Ministry launches e-service to boost accommodation capacity in Makkah and Madinah for Hajj 1447    Four health colleges rank lowest in 2025 national licensure exam results    SABIC posts $1.41 billion loss in H1 2025 on UK plant closure, restructuring costs    OPEC+ to boost oil output by 547,000 bpd in September    Foreign direct investment nets SR1.9 billion in Saudi stock market for July    Saudi, Iraqi justice ministers sign cooperation agreement in Riyadh    Palestine Red Crescent says Israeli strike on Gaza HQ kills worker, injures three    Saudi defender Saud Abdulhamid joins RC Lens on loan from AS Roma    Riyadh Comedy Festival tickets now on sale for world's biggest stand-up event    Flash floods, landslides kill 8 in northern Vietnam, 3 missing    Canada rejects claims of ongoing arms exports to Israel    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    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.