Yemeni-European Committee discusses,Yemen’s accession to World Trade Organisation [Archives:2003/661/Business & Economy]

August 21 2003

Meetings of the Yemeni-European Committee are scheduled to be held in Sana'a on 6 October. The meetings would be chaired by Yemeni deputy premier, the Minister of Planning and International Cooperation Ahmed Soufan and for the European side by the Commissioner for Middle East and Arab peninsula affairs.
The meting is scheduled to discuss aspects of cooperation between Yemen and the European Union in various fields, especially the Union's support for enhancement of development programs in Yemen.
The talks would also include priorities of the Yemeni government and projects that require funding by the European Union in the fields of health, vocational training, fish wealth, education and sewage tc.
A Yemeni source had earlier confirmed that the European Union countries were working for supporting Yemen's joining of World Trade Organisation in the coming five years. Yemen and the EU have recently signed an agreement according to which the Union offering Euro 7 million to finance a project for offering technical assistance to Yemen through providing international, Arab and domestic expertise in order to complete Yemen's efforts for joining the WTO.
The EU is considered as partner for development in Yemen. In this regard the commissioner for the Union's External Relations had signed in Brussels last April an agreement on support of Sana'a.
The support the EU is expected to offer Yemen in the three coming years amounts to 150 million Euros.
Chairman of the experts of the Union's project, the official of the European Commission at the Yemeni ministry of health says the Commission has allocated 10 million Euros for supporting the Yemeni health sector. He has also pointed out the European support would be allocated for funding a number of projects in the sectors of water, roads, social development, agriculture, food security and health.
Yemen considers partnership with Europe as contributing to financing its economic sectors and its administrative and financial reforms.