WTO in live negotiations with Belarus
The WTO is in live negotiations with Belarus, Alejandro Jara, Deputy Director General of the World Trade Organisation, said at the Belarus Investment Forum in London on November 18.
In his words, business should aid the country's accession to the WTO. "Foreign direct capital can help create conditions for liberalising trade, bringing the country closer to WTO standards," said Alejandro Jara.
The official remarked, a certain price has to be paid to enter the WTO. It is related to how much a country can liberalise its economy and achieve tasks the WTO sets before member-nations, reported Belta.
Alejandro Jara said, the sooner Belarus joins the WTO, the better because accession requirements are on the rise.
The WTO Deputy Director General also remarked, Belarus has done a lot to improve the investment climate. Forums similar to the London forum will help increase the additional inflow of foreign investments into Belarus.