Advertisement

Trade

Tonga faces backlog of reforms in trade policy

editor's picture

Tonga faces backlog of reforms in trade policy

An important review of Tonga’s trade policy by the WTO in Geneva, Switzerland, from February 11-13, found that the Pacific island nation faces a backlog of reforms that are required to modernize and streamline its legal and regulatory frameworks for economic development. Tonga’s imports continue to outstrip its exports by a factor of at least 10:1 annually and over 50% of its imports are for fuel and food.

Please subscribe to access premium content.