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Benefits of the Membership of the World Trade Organization to Kazakhstan

07.07.2015 | E-Bulletin | Economy | 588 Zhengizkhan Zhanaltay

The final meeting of the Working Group, which officially announced the completion of negotiations on Kazakhstan's accession to The World Trade Organization (WTO) was held on June 22, 2015 in Geneva. Kazakhstan submitted its initial application on January 29, 1996 but it took nearly two decades to finalize accession talks on joining the WTO. Kazakhstan will officially become the 162nd member of the WTO at the 10th Ministerial Conference of the WTO in Kenya on December 15-19, 2015. Until this date, some formalities about the process
still need to be settled. Kazakhstan’s accession process was one of the most challenging negotiation issues of the WTO, which required long and detailed talks on tariff adjustments. Besides, being a member of the Eurasian Economic Union (EAEU) made this process even more complicated for both Kazakhstan and the WTO.

Tags: WTO, Kazakhstan, Trade, Economy, Trade Barrier, Accession Process

Author

  • Junior Research Fellow

    Zhengizkhan Zhanaltay

    Zhengizkhan Zhanaltay is a research fellow in the Eurasian Research Institute at H.A.Yassawi Kazakh Turkish International University. Zhengizkhan completed his bachelor’s degree at international relations department of KIMEP University in 2010.