Cooperation between Kazakhstan and WTO

Cooperation between Kazakhstan and WTO

The 12th WTO Ministerial Conference is set to be held in Nur-Sultan from June 8th to 11th 2020.

According to the Director-General of the World Trade Organization, Roberto Azevedo hosting and chairing the large-scale event is a challenge for any hosting country. The Kazakh capital offers the infrastructure required for the success of the international event.     

“On the 12th Ministerial Conference, we are looking at very traditional and long-standing issues like agriculture, food security and we are also working on more recent issues,” Azevedo said.

After acceding to the WTO, Kazakhstan has immediately become one of the most active members of the large international organization. The country chaired a meeting of the trade and environment committee in 2017 and a meeting of the special session on trade in service.

“It is very important that we chair the global negotiations session, which ensures equal competition. We are also interested in promoting openness in other economies as well.”

“Ahead of the 12th Ministerial Conference, it is very important to adopt certain decisions aimed at the development and preservation of the multilateral trade system. In particular, we think that a decision will be made to start the multilateral negotiating process in the electronic commerce field,” said Zhanar Aitzhanova, Kazakh ambassador to Switzerland, Kazakhstan’s permanent representative to UN office in Geneva.

With completion of negotiations on the WTO accession in 2015, Kazakhstan finished preparations to sign the Enhanced Partnership and Cooperation Agreement with the EU. A significant part of the agreement investment, business and trade relations with the EU countries.

“All our agreements with the EU are fully compliant with and meet our commitments that we adopted as part of the WTO accession. We also coordinated our agreements with the Eurasian Economic Union,” Aitzhanova said.

The WTO accession opened new prospects for Kazakhstan as US$67 billion of foreign direct investments were attracted in the Kazakh economy since joining the organization. One-third of investments were allocated to develop trade, distribution, construction, transport, logistics and financial services.