TODAY.AZ / Business

Azerbaijan needs years to join WTO

20 May 2005 [19:50] - TODAY.AZ
It will require years for Azerbaijan to join to the World Trade Organization (WTO).
The agency Trend reports, within frames of rendering of assistance to the state at negotiations the consultant of the ministry of economical development of Azerbaijan Igor Kavass on behalf of the Agency of international development (USAID) USA stated to journalists during round table on topic "Membership of Azerbaijan in WTO and interests of entrepreneurs" 19 May.

"For joining of Azerbaijan to WTO the state is to discuss and to solve numerous different issues. However, WTO is the part of the world policy and refusal from joining to WTO means complete isolation from the outer world", I.Kavass indicated.

He said, joining to WTO is necessitated by globalization of international trade processes. "Trade relations are inevitable. However, it is necessary to consider two main factors: the state has obligations on protection of its producer and competition between states (as intra-racial competition between some companies) gives more chances for companies and states modernizing their production", I.Kacass mentioned. The expert said, WTO will also help settling disputes between the states and organizes forum for trade negotiations.

In his turn, the economist Gubad Ibadoglu indicated, the indicator of export per capita in developed states is very high- $6000, in developing states this indicator is $330, and in poor states it is $100 per capita. At that, the economist said, Azerbaijan shares the fare of developing states.

G.Ibadoglu also mentioned, joining to WTO is to bring for Azerbaijan its pluses and minuses. Particularly, G. Ibadoglu enumerated possibilities of free trade, international level of decision of arising problems, simplification of customs procedures, as pluses. The economist cited low competitiveness of goods comparing with import, (which may particularly, inflict significant damage to agrarian sector) and to necessity of adoption of decisions on customs and tax issues in accordance with requirements of WTO as minuses.


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