Bahamas Proceeding Towards WTO Membership

The Bahamas has received praise from the World Trade Organization (WTO) for progressing rapidly with the significant reforms necessary to become a member of the global trade body.

On June 21, 2012, the Working Party on the Accession of the Bahamas held its second meeting, examining the Bahamas’ trade regime, its trade-related reforms and assessing its conformity with WTO rules. In response to recent progress, WTO members praised the Bahamas for the “considerable progress” made in undertaking reforms to its trade regime and bringing it in line with WTO rules.

by Ulrika Lomas, Tax-News.com