Turkmenistan applied to join the WTO

Turkmenistan has applied to join the World Trade Organization (WTO). On this November 25 reported on his Twitter WTO Director-General Ngozi Okonjo-Iweala ( Ngozi Okonjo -Iweala ).

In the published photograph, Atageldy Khaljanov, Permanent Representative of Turkmenistan to the UN Office in Geneva, handed the relevant document to the director of the organization.

“Turkmenistan is submitting its application to begin the process of accession to the WTO,” Ngozi Okonjo-Iweala wrote.

On October 14, a meeting of the Government Commission on Turkmenistan's accession to the WTO was held. Then the draft work plan for 2021-2022 on the preparation of the Memorandum of the foreign trade regime of Turkmenistan was discussed, as well as the issue of the country's entry into the organization during the XII WTO Ministerial Conference, which will be held in Geneva on November 30-December 3.

In July 2020, Turkmenistan received observer status in the organization. The country's full accession to the WTO is provided for in the Foreign Trade Strategy for 2021-2030.

Turkmenistan has been discussing the issue of membership in a trade organization since 2016. The country's authorities expect this to attract foreign investment and provide guarantees and transparency for investors.

Source: Chronicles of Turkmenistan