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WTO Adopts Kazakhstan's Accession Package

by Lorys Charalambous, Tax-News.com, Cyprus

24 June 2015


Kazakhstan's WTO accession package was adopted by the Working Party overseeing its membership bid on June 22, 2015.

The Working Party will now forward the Accession Package to the General Council for formal adoption by all 161 WTO members.

Director-General of the World Trade Organization, Roberto Azevêdo, welcomed the development, stating: "The conclusion of Kazakhstan's accession is a tribute to the untiring efforts of the Government of Kazakhstan, as well as to the WTO and its members. 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."

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 | tariffs | World Trade Organisation (WTO) | Armenia | Belarus | Kazakhstan | Work

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