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BAKU: US Committed To Assistance In WTO Admission

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  • BAKU: US Committed To Assistance In WTO Admission

    US COMMITTED TO ASSISTANCE IN WTO ADMISSION

    AzerNews, Azerbaijan
    Aug 8 2005

    The government of Azerbaijan has received another portion of assistance
    for the process of admission to the World Trade Organization (WTO).

    The US Trade and Development Agency (USTDA) has allotted $981,000
    to be spent on improving legislation, developing new laws, answering
    questions forwarded by WTO member states and other activities. The
    Economic Development Ministry and USTDA signed a relevant agreement
    on Thursday. Minister Farhad Aliyev speaking at the event said
    USTDA has provided grants worth $1.943 million to Azerbaijan over the
    past two years to start active talks on WTO admission. He said that
    on account of the grants, the government has prepared and sent to
    Geneva documents concerning intellectual property, standardization,
    sanitation, and subsidies in the agricultural sector. The chart on
    customs duties has been compiled and a memorandum on foreign trade
    turnover re-worked, said Aliyev. "The WTO membership will be very
    beneficial for Azerbaijan. The country's accession to the organization
    will improve its legal system, increase foreign trade turnover and
    promote its closer integration into global economy. Moreover, the
    existing restrictions on Azeri exports to all other member states
    will be lifted." Aliyev emphasized that WTO currently comprises 148
    member states, including developed countries. In the initial stage,
    Azerbaijan counts on receiving concessions on agriculture and some
    other fields, he said. The minister cited some 'negative instances'
    discovered recently in Azerbaijan that are not observed in neighboring
    countries. "The serious shortfalls found during a recent monitoring
    are not encountered in Georgia and Armenia, which are WTO member
    states, as the customs and other economic transactions carried out
    there are in compliance with world standards."
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