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    World

    Turkmenistan intends to join WTO by 2030

    Turkmenistan intends to join WTO by 2030

    Turkmenistan plans to join the World Trade Organisation (WTO) by 2030, a representative of this international structure told Daryo.

    A delegation from Turkmenistan plans to visit the WTO headquarters in Geneva, Switzerland, in March 2023, he said. Turkmenistan is the last former Soviet country to initiate WTO accession talks.

    Official Ashgabat received WTO observer status in July 2020 and became an "accession country" in February 2022. Turkmenistan is now drafting a Memorandum on the foreign trade regime, the surrender of which is one of the conditions for WTO accession.

    Turkmenistan will need to liberalize trade by eliminating barriers such as import tariffs, quotas, export subsidies, dumping practices, and other rules that limit the free flow of trade.

    Uzbekistan was granted observer status in the General Agreement on Tariffs and Trade (the predecessor of the WTO) in June 1994. In July 2019, the Uzbek party submitted an updated memorandum on the foreign trade regime to the WTO for the country's application for accession to the organization to be considered.

    In July 2020, the Uzbek authorities, the WTO, and representatives of several countries held the fourth meeting of this group online. In late June 2022, the fifth meeting took place, at which Uzbekistan began talks with the WTO member countries on the conditions of accession to the organization. As a result, Uzbekistan intends to receive the privileges of a country when it joins the WTO, allegedly in 2023.

     Credits: Eziz Boyarov, Ashgabat

    24.02.2023, 12:58   Comments (0)   1037
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