Freitag, 23. August 2013

Tajikistan in the WTO

On 10 December 2012, the WTO General Council approved the accession package of Tajikistan. This country applied for WTO membership on 29 May 2001. The accession negotiations were concluded on 26 October 2012.
Tajikistan managed to complete its domestic ratification procedures very quickly, and became the 159th WTO member on 2 March 2013.
Tajikistani experts expect that this step will help to integrate Tajikistan into the world economy and attract foreign investors.
There exists however another point of view which regards the Tajikistani WTO accession rather as a matter of prestige than economic sense. According to this perspective, at this stage, joining the Customs Union of Belarus, Kazakhstan, and Russia would bring Tajikistan more economic benefits than accession to the WTO, bearing in mind that the CIS market (the biggest share of which belongs to the Customs Union member states) is now most important for Tajikistan.
In any case, Tajikistan is now a WTO member and should try to use the relevant WTO instruments to develop its economy.

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