Afghanistan is likely to join the World Trade Organization (WTO) within the next three months. According to Afghan Commerce and Industries Ministry the government of Afghanistan has already signed a trade agreement with the United States and now it has to sign agreements with the European Union and two other countries before becoming a member of the World Trade Organization.
Out of the eight negotiating members of the WTO, Afghanistan is required to sign bilateral trade agreements and the negotiations are going on with the European Union, Turkey and Taiwan in this regard.
If Afghanistan becomes a member of the World Trade Organization, the trade, commerce and investment in the country is likely to go up in coming years. It will also provide Afghan businessmen and industrialists to improve the quality of their product by adopting quality control measure.
The World Trade Organization (WTO) is a global international organization dealing with the rules of trade between nations. It functions on the basis of negotiated agreements between the trading nations and ratified in their parliaments. Currently currently 160 nations of the world are members of the WTO.
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Business EditorAfghanistan likely to join World Trade Organization WTO within next 3 months
by Business Editor ( Author at Spirit India )
Posted on January 21st, 2014 at 12:08 am.
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