Vanuatu Ratifies Accession Package; Set to Join WTO on Aug. 24
Vanuatu ratified its World Trade Organization accession package and will become the WTO’s 157th member on Aug. 24, the WTO reported. Five other Pacific Island countries — Fiji, Papua New Guinea, Solomon Islands, Tonga and Samoa, which acceded on May…
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10 — are already WTO members. Vanuatu committed that from the date of accession, it will fully apply all WTO provisions and did not require recourse to any transitional period except on intellectual property and on the publication of trade information, the WTO said. Vanuatu will apply an average final bound rate of 39.7% and has made specific commitments on 10 services sectors.