Baku, Azerbaijan, June 22
By Elena Kosolapova - Trend:
The talks on Kazakhstan's joining the World Trade Organization (WTO) have been completed, said the Kazakh President Nursultan Nazarbayev in an address to the country's people.
The president's address was posted on his official website on June 22.
"Kazakhstan will become the 162nd member of the WTO," said Nazarbayev. "All the major economies of the world have recognized Kazakhstan as a country with a favorable investment climate, pursuing the trade policy in line with international law."
He added that the WTO membership opens up new horizons for Kazakhstan's economy.
Nazarbayev said this provides the Kazakh enterprises with an access to foreign markets, and the customers with a wide range of goods and services.
"Today, 90 percent of our trade accounts for the WTO member countries. Therefore, this decision is very important for us," said the president.
As Nazarbayev said, Kazakhstan managed to combine the requirements of the WTO and the Eurasian Economic Union, basing on the national interests.
The talks on Kazakhstan's accession to the WTO have lasted 19 years.
Edited by CN
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