Kenya wins bid to host 2015 WTO ministerial conference
09 December 2014, 08:07
Nairobi - The Ministry of Foreign Affairs Monday said Kenya had won the bid to host the forthcoming 10th World Trade Organization (WTO) Ministerial Conference scheduled for December in 2015.
A statement from the ministry said member countries of the WTO unanimously made the decision following intense lobbying by Cabinet Secretary Amina Mohamed.
The statement said the Turkish government said in a letter to the chairman of the General Council of WTO that it stepped down in favor of Kenya following consultations with Mohamed.
The East African nation said its ties with the WTO and its predecessor, the General Agreement on Tariffs and Trade (GATT), has been cordial and well-acknowledged in the multilateral trading system.
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Kenya became a contracting party to the GATT in 1963 upon attaining independence, and is a founder member of the WTO.
East Africa is one of the fastest growing regions in the world, though trade continues to be hampered by tariff as well as non- tariff barriers, including over-stretched ports and time consuming customs and border operations.
Experts have, however, noted that to ensure sustainable business, there was need to put more concerted efforts towards harmonization and mutual recognition of technical standards so as to allow ease of access to the other regional markets.
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