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WTO calls on to speed up negotiations with Azerbaijan

Business Materials 25 July 2016 17:31 (UTC +04:00)
The chair of working party on Azerbaijan’s access to the World Trade Organization (WTO) Walter Werner has urged Azerbaijan and WTO members to “accelerate” the pace of negotiations.
WTO calls on to speed up negotiations with Azerbaijan

Baku, Azerbaijan, July 25

By Anvar Mammadov – Trend:

The chair of working party on Azerbaijan’s access to the World Trade Organization (WTO) Walter Werner has urged Azerbaijan and WTO members to “accelerate” the pace of negotiations, said WTO message posted on its website.

During the next round of negotiations on Azerbaijan’s access to the WTO that was held in Geneva (Switzerland), Werner commended Azerbaijan for its progress in bringing its trade regime in compliance with WTO rules.

The head of Azerbaijani delegation at the negotiations and Azerbaijan’s Deputy Foreign Minister Mahmud Mammad-Guliyev announced the adoption of a national strategic roadmap aimed at diversifying Azerbaijan’s economy and tackling the challenges caused by the decline in international oil and gas prices.

Members of the working party expressed the hope that Azerbaijan would complete its accession negotiations in the near future.

Azerbaijan has had an observer status at the WTO since 1997. A working party on Azerbaijan was established on July 16, 1997, at the organization.

Azerbaijan began negotiations with WTO member states in 2004. Currently, the country negotiates with 19 countries.

As of today, Azerbaijan has completed the negotiations and has signed protocols with Turkey, Oman, the UAE, Georgia and Kyrgyzstan. The country is at the stage of signing protocols with China and Moldova.

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