New WTO Members To Face The Burden Of Obligations

New Delhi, Sept 17 | Updated: Sep 18 2003, 05:30am hrs
After a 14-year wait, Nepals accession to the 146-member WTO was completed at the just concluded Cancun ministerial with onerous obligations. So too was the case with Cambodia, another LDC. Armenia and Kazakhstan, the two Central Asian countries, had also applied for membership of the WTO and the accession process was on, their ambasadors indicated while speaking at a roundtable organised by the Federation of Indian Exporters Organisation here.

An official release says Nepal had applied for accession to the General Agreement on Tariffs and Trade (GATT) WTOs predecessor way back in 1989. Welcoming their accession, Arun Jaitley who led an Indian delegation to the Cancun meet felt that the onerous obligations placed on them would discourage other LDCs from pro-actively pursuing their accession to the WTO.