1. Main
  2. Learn
  3. Politics
  4. Politics

Kazakhstan hopes to join WTO this year16 февраля 2015, 21:59

Photo courtesy of cont.ws Photo courtesy of cont.ws

The Ministry of Foreign Affairs of Kazakhstan hopes that the process of accession of our country to the World Trade Organization (WTO) will be completed this year, Tengrinews correspondent reports.

This is what Kazakh Foreign Minister Yerlan Idrissov said at today’s governmental meeting in the Parliament’s lower chamber, the Majilis.

"The Eurasian Union does not mean that we are limiting ourselves only to this project. We are working in different directions, as evidenced by the successful completion of negotiations last year with the European Union to enhance partnership and cooperation and on Kazakhstan's accession into the WTO. We hope that both processes will be completed this year,” Idrissov said.

"On January 20 this year, we initialed the text of the agreement with the EU and we hope that this year, after a complicated bureaucratic procedure involving 28 EU member countries, we will be able to sign this agreement and begin working along its lines," he said.

The Minister pointed out the great importance of the WTO for Kazakhstan. He said that it was significant not only economically but also politically.

"This is a balancer of our global economic relations. Through the WTO, we will get access to an extensive global trading system, to its standards, rules and regulations. These same rules and regulations will apply to Kazakhstan in trade with other countries. So for us the WTO is a signifier of growth, which we are consistently working towards," he said.

Reporting by Altynai Zhumzhumina, writing by Dinara Urazova, editing by Tatyana Kuzmina

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan