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Armenia And Iran Reach Preliminary Agreement On Bringing Trade Regim

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  • Armenia And Iran Reach Preliminary Agreement On Bringing Trade Regim

    ARMENIA AND IRAN REACH PRELIMINARY AGREEMENT ON BRINGING TRADE REGIMES BETWEEN EACH OTHER INTO LINE WITH WTO REQUIREMENTS

    NOYAN TAPAN
    http://www.nt.am?shownews=1010853
    Dec 23, 2008
    YEREVAN

    During the recent sitting of the Armenian-Iranian intergovernmental
    commission, the sides reached an agreement to bring the trade regimes
    between each other into line with requirements of the World Trade
    Organization (WTO). The co-chair of the commission, Armenian minister
    of energy and natural resources Armen Movsisian announced this at
    the December 22 press conference.

    He said that the differences in the trade regimes of the two countries
    were examined at the sitting. A. Movsisian reminded that Armenia
    is a member of WTO and its legislation and norms on trade relations
    are in line with WTO requirements. "We put this problem before our
    partners and we have come to an agreement that the regimes should
    be brought into line with these requirements," he said, adding that
    "Iran also has a goal of joining the WTO and it should pass the whole
    process of becoming a member".

    To recap, a country that expressed a willingness to join WTO must
    reach agreements on trade regimes with those countries - WTO members,
    with which it has trade relations.
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