ICEC

Egypt succeeded in WTO trade policy review

Egypt has succeeded in the  4th Policy Trade Review conducted by the World Trade Organization (WTO) according to  Trade and Industry Minister Tarek Qabil.

Qabil presented Egypt’s trade policies and economic reform programme on Tuesday at Egypt’s 4th Policy Trade Review meetings in Geneva.

He conserving the global trading system and preventing unfair protective measures in international trade, the ministry said.

Egypt is a founding member of the WTO and an active member of the General Agreement on Tariffs and Trade (GATT), an agreement Egypt signed in 1970 to promote international trade by reducing trade barriers.

This review comes 15 years after the 2005 review and it is of great significance as it sends important messages to Egypt’s international and regional trade partners and economic institutions that the Egyptian economy is recovering and that Egypt is committed to its international obligations, he added.

Preparations for Egypt’s Trade Policy Review took one year and a half during which delegations of the WTO visited Egypt twice and held meetings with all officials concerned, he added.

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