Thailand, Indonesia Trade Policy Reviews for Remainder of 2020
Four WTO members — Zimbabwe, Thailand, Indonesia and
Macao, China — will undergo reviews of their trade policies and practices
before the end of the year. The Trade Policy Review Body (TPRB) chair,
Ambassador Harald Aspelund of Iceland, announced an
updated programme of reviews for the remainder of
2020, which had to be revised due to the COVID-19 pandemic and the lockdown
measures implemented around the world.
The Trade Policy Review Body will also undertake before
the end of the year the annual overview of developments in the international
trading environment on the basis of the report by the Director-General. A TPRB
meeting is planned for December 2020.
The communication (WT/TPR/435/Rev.2) sent to members on 18 August notes the review of
Zimbabwe will be held on 30 September and 2 October; for Thailand, on 24 and 26
November; for Indonesia, on 9 and 11 December; and for Macao, China, on 15 and
17 December.
The WTO Secretariat continued its preparatory work for
these reviews in collaboration with the respective delegations using all
possible means of communication, including videoconferences. However, for some
members due to undergo their reviews in 2020 it was not possible to make these
arrangements in an efficient manner, and their reviews were therefore postponed
to 2021.
The WTO Secretariat is working on the preparation of the programme of reviews for 2021 in close contact with the
relevant delegations. More than 20 members are currently considered on the
provisional list of reviews for next year, including those initially scheduled
for 2020 and subsequently postponed. These include Argentina, Bahrain, China,
India, the Kyrgyz Republic, Mauritius, Mongolia, Myanmar, Nicaragua, Oman,
Qatar, the Republic of Korea, the Russian Federation, Saudi Arabia, Singapore,
Tonga, the United States, and Viet Nam, as well as the joint reviews of the
Central African Economic and Monetary Community (CEMAC) - Cameroon, Congo,
Gabon, Central African Republic and Chad - and the Organization of Eastern
Caribbean States (OECS) - Antigua & Barbuda, Dominica, Grenada, Saint Kitts
and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.
A detailed programme with
specific dates for 2021 will be announced by the TPRB chair in the coming
weeks. In 2021, the TPRB will also meet twice to consider the
Director-General's trade
monitoring reports.
All WTO members are subject to trade policy reviews.
The four members with the largest shares of world trade (currently the
European Union, the United States, China and Japan) are reviewed every three
years, with the next 16 reviewed every five years, and others reviewed every
seven years respectively. Reviews are conducted on the basis of a policy
statement by the member under review and a report prepared by economists in the
WTO Secretariat's Trade Policy Review Division. See here for more information.