Monday, December 10, 2012

WTO approves Tajikistan’s membership

The General Council today paved the way for Tajikistan’s membership of the WTO by approving its accession package. Tajikistan would have to ratify the deal by June 7, 2013 and would become a WTO member 30 days after the ratification.
“Once Tajikistan completes its domestic ratification procedures, it will become the 159th member of the WTO family," said director-general Pascal Lamy.
For Tajikistan — a small and landlocked country — WTO accession is a road leading to the world economy, he said, adding that it is another step towards universality and a sign of confidence in the values and benefits of the multilateral trading system for the WTO.
“Today constitutes a landmark in Tajikistan's history and lays solid foundations for further promotion of sustainable social and economic growth," declared Tajikistan’s President Emomali Rahmon.
Applying for WTO membership 11 years ago was the right step forward for Tajikistan as it transforms itself into a market economy, he said, adding that Tajikistan will use its WTO membership as a means of fostering future economic growth and prosperity.
WTO members congratulated Tajikistan for completing its accession process.
Tajikistan applied for WTO membership on May 29, 2001 and the Working Party concluded the negotiations on October 26, 2012.
Tajikistan’s accession package contains the Working Party report outlining its reformed trade regime and its commitments as a WTO member, its market access schedules on goods and services, the General Council Decision and the Protocol of Accession.

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