The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
Given the concentration of the economic
activity in few areas, the report highlights that to be able to sustain growth,
the country needs to diversify the economy, specially in light of its expected
graduation from least developed country (LDC) status in 2011, and to create a
viable tax structure. Diversifying the economy would require significant private
sector involvement, for which a conducive business environment also needs to be
created, the report notes.
The Secretariat report also states that the Maldives’ tariff remains unduly
complex and its level and structure is a major potential distortion to the
allocation of resources and domestic efficiency, and an impediment to the
competitiveness of the economy.
The report, along with a policy statement by the Government of Maldives, will be
the basis for the second Trade Policy Review (TPR) of the Maldives by the Trade
Policy Review Body of the WTO on 26 and 28 of October 2009.
he following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Southern African Customs Union
(SACU): 4 and 6 November 2009
Niger/Senegal: 11 and 13 November 2009
Georgia: 8 and 10 December 2009
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