Yemen has the status of a least-developed country (LDC). The modern Republic of Yemen was born in 1990 when traditional North Yemen and Communist South Yemen merged after years of clashes.
Yemen’s trade policy regime is quite liberal, reflecting a significant reform program that was implemented in 1997.
Yemen’s exports face low tariff‐related barriers in relation to the rest of the world. Due to its least‐developed country (LDC) status, most of its export markets provide either duty‐free or preferential access to most of its products, including under the European Union’s “Everything But Arms” Initiative.
In December 2013, Yemen was accepted as a new member of the WTO during the 9th Ministerial Conference in Bali, Indonesia. Yemen is a founding member of the Indian Ocean Rim Association and has applied for membership in the British Commonwealth. Yemen is a member of the League of Arab States.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.