Kazakhstan to Join WTO After 20 Years of Talks

After nearly 20 years of negotiations, the World Trade Organization and Kazakhstan have completed accession talks, according to a statement from WTO.

The former Soviet republic has been negotiating with WTO since February 1996 -the longest accession process to date- to become the organization’s 162nd member country. Kazakhstan’s accession package will now go to the WTO’s General Council for formal adoption.

“The high quality of the accession package will accelerate Kazakhstan’s integration into the global trading system and provide a boost to Kazakhstan’s economy for years to come”,  said WTO Director General Roberto Azevêdo.

The National Foreign Trade Council (NFTC) and the U.S.- Kazakhstan Business Association (USKZBA) likewise welcomed the completion of accession talks between the WTO and Kazakhstan.
The full membership will enable Kazakhstan to successfully integrate into the global community as a reliable trade partner with a favorable and transparent investment and business climate. The country will obtain new consumption markets for the Kazakh products and improve competitiveness, that will ultimately modernize the national economy.
Full membership in the international trading system will also play significant role in the realization of Strategy 2050 program that could turn Kazakhstan into one of the 30 most competitive nations in the world by 2050.
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