Cape Verde to Become World Trade Organization Member

According to the World Trade Organization, Cape Verde is going to be the 153rd country to become a member of the organization. The World Trade Organization says the nation, made up of nine islands west of Africa, has accepted the commitments to become a member and having met its entry requirements, Cape Verde set to become part of the organization in late July.

” This is yet another feather in Cape Verde’s cap and further adds to the islands investment credentials. The WTO’s accession process can take up to five years and by successfully meeting the WTO’s entry requirements, the Cape Verde government has demonstrated its ability to bring its trade and economic policies up to standard, ” commented Nubricks.com overseas property blog editor, Chintan Mahida.

“Cape Verde WTO membership bodes well not only for the country but for investors in Cape Verde’s property market,” Miss Mahida added.

The most recent countries to become members of the World Trade Organization were Ukraine, Vietnam, Tonga and Cambodia. All countries with strong emerging property markets.