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Tajikistan Admitted To The WTO

by Tatiana Smolenskaya, Tax-News.com, Moscow

13 December 2012


The General Council of the World Trade Organization (WTO) on December 10, 2012, approved Tajikistan's accession package, allowing the nation to become a member of the global trade body in 2013.

Director General of the WTO, Pascal Lamy said: "Once Tajikistan completes its domestic ratification procedures, it will become the 159th member of the WTO family. For Tajikistan, a small and landlocked country, WTO accession is a road leading to the world economy. For the WTO, it is another step towards universality and a sign of confidence in the values and benefits of the multilateral trading system."

Tajikistan’s President, Emomali Rahmon welcomed the General Council's decision stating: "Today constitutes a landmark in Tajikistan's history and lays solid foundations for further promotion of sustainable social and economic growth. Applying for WTO membership 11 years ago was the right step forward for Tajikistan as it transforms itself into a market economy. Tajikistan will use its WTO membership as a means of fostering future economic growth and prosperity."

Tajikistan applied for WTO membership on May 29, 2001, and the Working Party in charge of overseeing Tajikistan's accession bid concluded the negotiations on October 26, 2012. Tajikistan will have to ratify the deal by June 7, 2013, and would become a WTO member 30 days after the ratification.

As part of the accession, Tajikistan has agreed to accept "bound" tariff rates, i.e. maximum ceiling levels, for all its import tariffs. Tariffs will be "ordinary customs duties" only, within committed levels, with no additional duties and charges. The average of Tajikistan’s "bound” tariffs, for all products, is 8%. For agricultural products, this average is 10.4% while for non-agricultural products the average is 7.6%.

TAGS: tariffs | World Trade Organisation (WTO) | import duty | trade | Tajikistan

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