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2/28/24, 10:21 AM WTO has played to provide ‘stability, transparency and predictability for international trade’: Thani Al Zeyoudi – The Gulf Time Ne…
WTO has played to provide ‘stability, transparency

and predictability for international trade’: Thani Al

Zeyoudi

ABU DHABI/ WAM

In his welcoming speech to the 13th WTO Ministerial Conference (MC13), Dr. Thani bin Ahmed Al Zeyoudi,

Minister of State for Foreign Trade and Chair of MC13, stressed the historically important role the WTO has
played to provide “stability, transparency and predictability for international trade,” contributing to “raising
living standards, improving employment opportunities and enabling the expansion of trade in goods and

services” around the world.
The opening session saw the adoption of the accessions of the Comoros and Timor-Leste, both least-

developed countries.
The President of Comoros, Azali Assoumani, and the President of Timor-Leste, José Manuel Ramos-Horta,
signed the respective Protocols of Accession to the WTO, which were also signed by WTO Director-General

Ngozi Okonjo-Iweala. Both governments will now submit their protocols for ratification by their legislative
assemblies. In keeping with WTO rules, Comoros and Timor-Leste will become members of the WTO 30

days following the deposit of their respective instruments of acceptance of the Protocol.
Dr Al Zeyoudi said, “The decisions we have just taken on the accession of the Comoros – an island LDC in
Africa – and the accession of Timor-Leste – an island LDC in Asia – testify to the world’s confidence in the

WTO and the multilateral trading system. I strongly believe that through their future membership in the
WTO, Comoros and Timor-Leste will have stable and predictable frameworks for economic engagement

with other nations which will boost trade, growth and prosperity.”
The MC13 opening ceremony also saw a wave of acceptance of the Agreement on Fisheries Subsidies.
Eight members deposited their instruments of acceptance of the Agreement, putting the historic agreement

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