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Kazakhstan Set To Join WTO

by Lorys Charalambous, Tax-News.com, Cyprus

11 June 2015


Kazakhstan finalized negotiations with World Trade Organization (WTO) members on June 10, 2015, paving the way for the country's accession to membership.

The draft WTO Accession Package will be submitted to members for formal approval ad referendum on June 22.

WTO Director-General Roberto Azevêdo said: "I congratulate WTO members and the Government of the Republic of Kazakhstan on the historic step taken today to conclude the accession negotiations of Kazakhstan and finalize its WTO Accession Package. I look forward to welcoming Kazakhstan to the WTO."

The draft Accession Package, spelling out Kazakhstan's terms of WTO membership, contains:

  • The draft report of the Working Party outlining the country's reformed trade regime and its commitments as a WTO member;
  • The draft Schedule of Concessions and Commitments on Goods; and
  • The draft Schedule of Specific Commitments on Trade in Services.

Kazakhstan's accession to the WTO has been under negotiation for 20 years. The complexity and uniqueness of Kazakhstan's accession lies in the negotiations on tariff adjustment due to Kazakhstan's membership of the Eurasian Economic Union (consisting of Armenia, Belarus, Kazakhstan, and Russia).

TAGS: Russia | tax | export duty | tariffs | World Trade Organisation (WTO) | Armenia | agreements | Belarus | Kazakhstan | import duty | trade | Work

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