EURO 7 million for Yemen to join WTO [Archives:2003/632/Business & Economy]

April 21 2003

The European Commission (EC) and the Yemeni Government signed an agreement last week with which Yemen would receive a grant of EURO 7 million to support and facilitate Yemen's preparations to join the World Trade Organization (WTO).
Mr. Abdulrahman Mohammed Ali Othman, Minister of Industry and Trade along with Mr. Abdulrahman Tarmoum, Vice Minister of Ministry of Planning and Development signed the agreement on behalf of the Yemeni government, which is keen to benefit from membership of this global organization.
According to the EC, the amount will be used in five years to provide technical and administrative assistance to the Yemeni Coordination and Communications office with WTO.
“We are quite confident that Yemen will pass this phase successfully and obtain the WTO membership and achieve its economic and trade objectives”, emphasized Mr. Rainer Schierhorst, head of the EC Office in Sana'a.