The United Arab Emirates Joined the World Trade Organization (WTO) in April 10, 1996 to support its participation in international trade and ensuring the use of the new opportunities offered by the new international trading system.
The UAE before joining the organization pursues a policy of economic openness, free trade, economy based on market factors and fair competition which are the principles of the World Trade Organization. And with respect to the UAE benefits from WTO accession, there are a number of positive effects on medium and long term.
Since the UAE acceded to the WTO for 18 years, it can be seen a number of positive impacts on the economy of the State, for example but not limited to, the gradual reduction of customs duties applied to exports to regional and global markets. But more than that, the UAE presented in May 2003 a proposal to reduce or eliminate high tariffs and non-tariff measures in the context of the current negotiations on market access for non-agricultural products.
On the other hand, by binding itself on international commitments the UAE shall develop national laws and regulations in a number of important areas such as intellectual property, trade in services, trade defence laws, procedures managing trade and keep pace, by the way, with legislative and regulatory developments recorded in the international arena including the application of international standards and specifications that have become a major challenge for the development and diversification of national exports, and through which national firms to play a role in international trade. Thus, the UAE has undertaken within the framework of the World Trade Organization the following commitments:
Protocol for the Accession of the United Arab Emirates to the Marrakesh Agreement establishing the WTO: