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U.S. to support Uzbekistan in its accession to WTO

15 Dec 2017 5:09 PM | Laziz Rasulov

The United States will assist Uzbekistan in its accession to the World Trade Organization (WTO), the Uzbek Ministry of Foreign Trade reported.

A meeting with the assistant to the U.S. Trade Representative for Central and South Asia, Mark Linscott, was held at the ministry, during which the parties discussed issues of Uzbekistan's accession to the WTO.

In addition, the issues related to Uzbekistan's membership in the general system of U.S. tariff preferences and legal protection of intellectual property was considered in detail.

"Agreements on the assistance of the American side, including the technical one, in the process of Uzbekistan's accession to the WTO were reached. In order to promote these issues in practice, permanent contacts between the responsible officials of the Ministry of Foreign Trade and the office of the U.S. trade mission will be established," the ministry noted.

During his recent trip to South Korea, Uzbek President Shavkat Mirziyoyev announced that Uzbekistan is renewing its work on WTO accession.

A memorandum and a road map have been signed between the governments of the two countries on Korea's assistance to Uzbekistan in the matters of joining this organization, including by assessing the consequences of entry, examination of national legislation in accordance with the requirements of WTO agreements, as well as technical, consultative and expert support to the ministries and departments concerned.

There are 164 members of the World Trade Organization. That's 84 percent of the 196 countries in the world.

They enjoy the privileges that other member-countries give to them and the security that the trading rules provide. In return, they had to make commitments to open their markets and to abide by the rules - those commitments were the result of the membership (or "accession") negotiations.