Friday 27 March 2009

Little to gain from Vanuatu WTO bid: trade group

(ABC) Pacific trade watch group says Vanuatu has little to gain from becoming a member of the World Trade Organisation.The statement follows Vanuatu's decision to re-start the process to join, saying its essential it becomes a WTO member, as many of its Pacific neighbours are already members.Papau New Guinea, Solomon Islands and Fiji joined in 1996, while Tonga signed up in 2007 and Samoa has begun the accession process.But speaking to Radio Australia's Pacific Beat program, Wesley Morgan from the Pacific Network on Globalisation says Vanuatu is too small to make any impact."One has to think very carefully about the likelihood of success relative to the cost and the capacity of a trade department for a country like Vanautu," he said."It's unlikely Vanuatu would ever have any real say at the table at an organisation like the World Trade Organisation."