- Government of Montenegro
Ministry of Economic Development WTO – Trade Policy Review
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WTO – Trade Policy Review
Published on: Jan 21, 2019 • 3:01 PM Author: Ministarstvo ekonomije
Trade Policy Review (TPR) is a WTO function defined by Article III of the WTO Agreement. It is conducted periodically in accordance with the principle of transparency and the defined procedure, aimed at monitoring implementation of commitments arising from the relevant agreements, as well as commitments assumed during the accession negotiations. Moreover, the aim of TPR is to introduce the member countries with the most important trade, economic and monetary policies. The Trade Policy Review Body (TPRB) was established for the purpose of the review. Four Member States with the largest shares of world trade (USA, EU, Japan and China) are subject to TPR each two years. Next 16 Member States are reviewed each four years, whilst the TPR is implemented for the remaining countries each six years, with the possibility of prolonging this period for the least developed countries and developing countries. The WTO member countries adopted the decision in July 2017 changing the Mechanism for the Trade Policy Review by prolonging these review cycles by one year, respectively for each group of Member States.
More information about TPR and Programme of Reviews (2019) can be found here.
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