A member of the Russia-led economic blocks - Kazakhstan - has been officially accepted as member of the World Trade Organization (WTO). This ends two decades of talks with WTO , and makes the country the 162th member.
The agreement of the country’s membership was signed Monday in Geneva; it now has to be ratified by the Kazakh parliament by October 31.
The President of Kazakhstan Nursultan Nazarbayev said that Kazakh economy "has become stronger and more open" since negotiations with the WTO began almost 20 years ago.
"In the mid-1990s, Kazakhstan had ties only with post-Soviet states, while now we are trading with 185 countries of the world," Nazarbayev said.
The European Union is Kazakhstan’s main economic partner, accounting for more than 54 percent of its foreign trade, according to the Kazakh President.
He also said there is a "sizable contribution" of trade with Russia, China, the United States, Canada and some other countries.
After the signing ceremony Director-General of the WTO Roberto Azevedo said he hoped that in December Kazakhstan will take part in the 10th Ministerial Conference in Kenya.
INC News, 28/07/2015 - via RT
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