Afghanistan has become 163rd member nation of World Trade Organisation (WTO), global trade body after 11 years of negotiations. World Trade Orgnisation has formally approved Afghanistan’s membership proposal at its ongoing 10th ministerial conference in the Nairobi, Kenya. In this regard, Protocol of Accession was signed by the World Trade Organisation Director General Roberto Azevedo and Afghanistan’s 1st Deputy Chief Executive Mohammad Khan Rahmani. The final accession to become a full member will come in to effect after PoA is ratified by the Afghanistan Parliament till June 2016. It will be the 36th least developed country (LDC) to join the global trade body.
Advantages for Afghanistan:
- By joining World Trade Organisation, landlocked war shattered Afghanistan hopes to reap the benefits of the World Trade Organisation membership for its post conflict reconstruction.
- Trade led growth will help to create new economic opportunities in world’s poorest economy and create jobs especially for women and in turn help to reduce poverty.
- Post conflict reconstruction will certainly contribute in a major way to reduce extremism and achieve regional peace & security.
Afghanistan becomes 163rd member nation of the World Trade Organisation
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