Home > Business > PTI > Report

WTO nods entry of Nepal, Cambodia

K R Sudhaman in Cancun | September 12, 2003 11:55 IST
Last Updated: September 12, 2003 12:22 IST


The World Trade Organisation has approved through consensus the entry of two of the world's least developed countries, Camodia and Nepal, into the trade body on the second day of the Ministerial in Cancun.

These two countries will have to ratify within 30 days to become members of WTO.

Also Read


Cancun 2003: Complete Coverage

Trade can-can at Cancun


While Cambodia had applied to become a member in late 1994, Nepal applied in 1989, a WTO release said adding the plenary session of WTO approved their entry last evening.

"The swift conclusion of Cambodia's membership negotiations shows that the new guidelines to allow least-developed countries to negotiate membership more easily are working," WTO Director-General Supachai Panitchpakdi said.

It was also a signal that WTO member governments are serious in their commitment to improving developing countries and least developed countries participation in the world trading system, he said.

"The completion of Nepal's accession negotiations is most welcome, not only does it expand the number of total WTO members, it also increases the depth of the WTO community of members," Supachai said.

"All accessions, whether big or small, are about creating equal opportunities for growth and prosperity," the WTO Director General said.

"Accession and membership of the WTO are, fundamentally, about commitment to improvement of the standards of living of the citizens, both economically and physically. Indeed that is the theme of the ministerial conference and the Doha Development Agenda".

After Nepal's accession was approved, the head of the Nepalese delegation, Hari Bahadur Basnet, Minister of Industry, Commerce and Supplies said: "It is our conviction that joining this organisation would not only enhance our effectiveness in trading capacity but would also result in the expansion of trade, leading to a higher level of growth and enhancement of quality of life of our people."

Cambodia's Commerce Minister Cham Prasidh criticised the accession process saying his country had paid a "heavy price" for the membership.

"We believe that the package of concessions and commitments that we have to accept certainly goes far beyond what is commensurate with the level of development of a least developed country like Cambodia," Prasidh said.

"For the sake of national reconciliation and peace in Cambodia, we paid heavy price and now, for the sake of world integration, we had to pay another heavy price."

Commerce Minister Arun Jaitley welcomed the entry of the two friendly countries into the WTO fold.


Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor




Related Stories


Openness sought in WTO decisions

Subsidy issue: India slams WTO

Focus must on greater mkt access



People Who Read This Also Read


Protesters storm WTO meet

EU flexible on Singapore issues

Cancun: WTO talks collapse






© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2003 rediff.com India Limited. All Rights Reserved.