Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 795 Mon. August 21, 2006  
   
Business


WTO to review Dhaka's trade policy next month


The World Trade Organisation (WTO) will review Bangladesh's trade policy from September 13 to 15 in Geneva as part of a policy review programme for its member states.

This is third time Bangladesh's trade policy will come under the review in the context of WTO policy regimes, which will see the openness of the country's external trade, tariff reforms and other competitiveness issues.

The earlier two reviews were held in 1992 and 2000.

Official sources said a high-powered government delegation will visit Geneva to present the country paper at the review meeting to be conducted by WTO officials and attended by representatives of interested member countries.

The commerce secretary is expected to lead the delegation comprising representatives of Ministry of Agriculture, Bangladesh Bank, Tariff Commission, National Board of Revenue and other stakeholders.

A source said the WTO has categorised its members into three groups. As major global trade partners, the USA, EU, Japan and China are required to submit trade policy review in every two years. Sixteen other countries are required to go for review in every four years.

All the remaining countries are needed to go for review in every six years and Bangladesh falls in this category, the source said.

The commerce ministry is working in full swing to present the Bangladesh case with the full outlines of reforms in the trade policy regimes.

It has already sent an advance copy of the review report to the WTO headquarters in Geneva in May this year. Earlier, a two-member WTO delegation visited the country in February this year to collect inputs.

The commerce ministry also sent review inputs to the WTO in November last year to facilitate its work for preparing a report of its own for its members. Later, the WTO team visited Dhaka and there is already a comprehensive report in its hand prepared by the team.