Kazakhstan became 162th member of WTO
Posted on: 2015-07-28 Posted by: CLAT Gurukul Category: Archive Blog
Kazakhstan, a member of the Russia-led economic blocks became 162th member of World Trade Organization (WTO). Kazakhstan’s entry has ended its long wait of 20 years to become a member of WTO as its accession talks were initiated in 1996. The agreement of accession was signed between the WTO Director General Robert Azevedo and Kazakhstan president Nursultan Nazarbayev at Geneva. The final accession will be done when the membership agreement is ratified by Kazakhstan Parliament on 31 October 2015. The path of Kazakhstan to become WTO member was difficult because of the complexity of process and it is also a member of two economic blocks led by Russia; The Eurasian Economic Union, which has member nation like Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia. Customs Union, which has members like Russia, Belarus and Kazakhstan. Source: The Guardian
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