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World Trade Organization removes the tariff on 200 commodity cartoon
7/25/15
Agencies - the World Trade Organization removed tariffs on about 200 letter product to activate these products trade between the countries of the world, and that its capacity by about 3.1 trillion dollars a year.
And includes products that have been raising customs by the tariff, according to a statement, commodity groups electronic including the new generation of semiconductors (input Electronic Industries) and navigation systems (G Beye MSI), and medical products such as magnetic resonance imaging machines, printing machines, satellites, communications, and touch a sense of touch.
Trade Organization said in a statement on Friday that a meeting of 54 of the Member States in Geneva confirmed the development of an implementation plan and submit it to the ministerial meeting of the Organization to be held in the Kenyan capital Nairobi in December next.
The plan includes a start in the implementation of raising tariffs on specific goods process gradually for 3 years, beginning early in 2016.
Organization of trading volume of trade estimated range materials covered by the tariff by about 7 percent from almost the value of international trade.
And it is expected to contribute to remove customs duties for these commodity groups in lowering their prices and prices of materials used in their manufacture, as well as providing more job opportunities and promote GDP growth around the world.
It is noteworthy that this is the first agreement to reduce the tariff on the commodity groups carried out by the World Trade bound of about 18 years, and the benefit of 161 member countries in the region.
It is noteworthy that the Kingdom officially joined the World Trade Organization, which denoted by (WTO) on 17 December 1999.
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7/25/15
Agencies - the World Trade Organization removed tariffs on about 200 letter product to activate these products trade between the countries of the world, and that its capacity by about 3.1 trillion dollars a year.
And includes products that have been raising customs by the tariff, according to a statement, commodity groups electronic including the new generation of semiconductors (input Electronic Industries) and navigation systems (G Beye MSI), and medical products such as magnetic resonance imaging machines, printing machines, satellites, communications, and touch a sense of touch.
Trade Organization said in a statement on Friday that a meeting of 54 of the Member States in Geneva confirmed the development of an implementation plan and submit it to the ministerial meeting of the Organization to be held in the Kenyan capital Nairobi in December next.
The plan includes a start in the implementation of raising tariffs on specific goods process gradually for 3 years, beginning early in 2016.
Organization of trading volume of trade estimated range materials covered by the tariff by about 7 percent from almost the value of international trade.
And it is expected to contribute to remove customs duties for these commodity groups in lowering their prices and prices of materials used in their manufacture, as well as providing more job opportunities and promote GDP growth around the world.
It is noteworthy that this is the first agreement to reduce the tariff on the commodity groups carried out by the World Trade bound of about 18 years, and the benefit of 161 member countries in the region.
It is noteworthy that the Kingdom officially joined the World Trade Organization, which denoted by (WTO) on 17 December 1999.
[You must be registered and logged in to see this link.]
