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Kazakhstan completes last bilateral talks prior to its planned accession into the WTO

09 april 2012, 09:02
0
Prior to its accession into the WTO, Kazakhstan has completed bilateral talks with Saudi Arabia on access of goods and services to the Kazakh market, Newskaz.ru reports.

April 7, during a visit of Ms. Zhanar Aitzhanova, Kazakh Minister for Economic Integration, to Saudi Arabia the two nations signed a protocol completing the bilateral talks. According to her, “this was the last protocol Kazakhstan planned to sign prior to its accession”.

She elaborated that Kazakhstan “has yet to further multilateral talks on Kazakhstan’s external trade policies”.
She reminded that the talks with Saudi Arabia had been going on for the last four years and “covered not only conditions of access of goods and services to the Kazakh market, but also conditions for Saudi Arabia’s investors to work in Kazakhstan”.

Tengrinews.kz reported March 27, 2012 that before accession into the WTO Kazakhstan plans to solve two issues.

“Multilateral talks are still under way on a so-called transition period to support the share of Kazakhstan-made goods purchased by O&G companies and national companies in other realms. Russia has extended its transition period until 2018 to support its car-making industry”, Ms. Aitzhanova said at the time.

Another issue to be settled is a possibility to apply export duties on commodities.

“The talks are under way with the EU, our major trade partner. European processing enterprises are interested in getting the raw materials free of duties. However, to secure greater budget revenues and support further processing of such commodities locally we are defending the right to apply this duty”, the Minister said.

According to her, if Kazakhstan manages to complete all the negotiations by the end of 2012, the actual accession can only take place mid-2013. She elaborated that it would take half a year for the Parliament to ratify respective treaties.

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