Wednesday, September 30, 2009

Poor countries look to Cambodia as WTO model

Tue Sep 29, 2009

PHNOM PENH (Reuters) - Trade representatives from some of the world's poorest countries met in Cambodia on Tuesday to look at what the country has gained from being a member of the World Trade Organisation, as aid donors urged them to join, too.
"Cambodia's WTO accession and its national development and poverty reduction strategies complement one another," Chiedu Osakwe, director of the WTO's Accession Division, told the meeting, which ends on Wednesday.
"The results are evident, all around us and impressive," he said of Cambodia's economic growth, which was over 10 percent a year until the global crisis. Its GDP per capita rose to $550 in 2007 from $390 in 2004 when it joined the WTO, he said.

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