Turkmenistan Studies International Experience on WTO Membership

BUSINESS TURKMENISTAN
Turkmenistan Studies International Experience on WTO Membership
Turkmenistan obtained WTO observer status in July 22, 2020.

The OSCE Centre in Ashgabat on Wednesday launched a three-day online seminar titled “Membership in the World Trade Organization as a balance of rights and obligations”, Turkmen Foreign Ministry said in a press release.

The event focused on presenting best practices of OSCE member States in going through the WTO negotiation process and facilitating discussions on possible steps for further improvement of the national trade policy.

“We initiated this seminar in support of consistent efforts undertaken by Turkmenistan in order to boost the development of the national economy and strengthen international co-operation as well as to intensify and optimize foreign trade and improve the investment climate,” said Natalya Drozd, Head of the OSCE Centre in Ashgabat during her opening speech.

During the seminar, a representative of WTO provided insights into the Organization’s structure, functions and principles of decision-making. International experts from Georgia and Montenegro also shared with their insights in this direction.

The seminar brought together representatives of a number of Turkmenistan’s ministries, including the Ministry of Trade and Foreign Economic Relations and the Ministry of Finance and Economy. Financial institutions and other relevant agencies also attended the seminar.

Turkmenistan obtained WTO observer status in July 22, 2020.