|The Arab Monetary Funds cooperates with WTO
|Mike Moore, general manager of the World Trade Organization (WTO) and Jassim Al Mannai, general manager of the Arab Monetary Funds lately signed a memorandum of agreement establishing a co-operation between the two institutions.
It has the aim of providing a technical aid and to help increase the participation of the Arab countries in the multilateral commercial system and the trade negociations.
WTO and the Arab Monetary Funds work jointly to help the Arab countries reinforce their capacities on the costs level. This option was highlighted in the recent ministerial declaration of Doha, in which the members WTO aimed at putting the needs for the developing countries at the center of the Organisation's working program.
Moore affirms that this agreement marks the beginning of profitable relations with the Arab Monetary Funds.
Currently, 11 Arab countries are members of WTO, 5 engaged the accession process and 2 presented their request for accession.