 | CAPE VERDE is the 153rd Member of World Trade Organization (WTO) |
 On 23 July 2008, the WTO welcomed Cape Verde as its newest member. Cape
Verde started its accession negotiations in 1999 and ratified its accession package to the WTO on 23 June 2008, which was the final step in the accession process before it could officially join the WTO. Under WTO rules, a country becomes a member 30 days after national ratification.
“Being part of the WTO will enable Cape Verde to continue its integration into the world economy,” said Director-General Pascal Lamy.
Since 1991, the country has pursued market-oriented economic policies, facilitating foreign investment, fostering the private sector through privatisations, developing tourism, light manufacturing industries and fisheries. Cape Verde has also developed its transport, communications and energy facilities.
Its main trading partners are Portugal, Netherlands, Brazil, Spain, Italy, the US and France. The biggest importer to Cape Verde is Portugal (EUR 116.79 million in 2007). Cape Verde's exports to Portugal were worth EUR 4.41 million in 2007.
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