Finance

Home page

Finance

Baku to host conference â€œAzerbaijanâ€™s admission to the World Trade Organization: International practiceâ€

22 October 2010 11:32 (UTC +04:00)

Baku. Viktoria Dementyeva â€“ APA. Conference â€œAzerbaijanâ€™s admission to the World Trade Organization: International practiceâ€ will be held in Baku on October 27.

APA reports that the conference is organized by the Delegation of the European Union to Azerbaijan and Azerbaijan National Committee for European Integration.

The conference will bring together specialists from the government agencies, international organizations and business to discuss process of Azerbaijanâ€™s admission to WTO and influence of the membership on the countryâ€™s socio-economic development.

â€œThe European Union attaches great importance to Azerbaijanâ€™s efforts for being a part of the multilateral trading system and gives technical assistance for this. The Eastern Partnership Program launched by the European Union in 2009 and covering six countries, including Azerbaijan, creates new prospects for Azerbaijanâ€™s economic integration into the European Union through signing new Association Agreement and Deep and Comprehensive Free Trade Agreement. Therefore admission to WTO is of special importance of EU-Azerbaijan relations,â€ says the statement issued by the EU Delegation to Azerbaijan.

Since 1997 Azerbaijan has been on the way to WTO membership, undertaken a number of reforms in economy and trade.