The premise harped by our officials for Vanuatu’s negotiation package into the World Trade Organization (WTO) is to put us on a level playing field with our trading partners and major world economies such as the US, EU countries, Japan, Brazil, and China.
By being members of the WTO, we can trade goods across foreign borders at reduced or zero taxes, openning potential for trade and access into new markets. It also guarantees us a voice to hold any country no matter how big, accountable for unfair trading practices such as protectionisms etc.