World Trade Organization Accession and Membership

World Trade Organization Accession And Membership

The original members of the World Trade Organization are the parties to the GATT after ratifying the Uruguay Round Agreements, and the European Communities. They obtained this status at the entry into force on 1 January 1995 or upon their date of ratification. All other members have joined the organization as a result of negotiation, and membership consists of a balance of rights and obligations. The process of becoming a World Trade Organization (WTO) member is unique to each applicant country, and the terms of accession are dependent upon the country's stage of economic development and the current trade regime.

As is typical of WTO procedures, an offer of accession is only given once consensus is reached among interested parties. The process takes about five years, on average, but it can take some countries almost a decade if the country is less than fully committed to the process, or if political issues interfere. The shortest accession negotiation was that of Kyrgyzstan, lasting 2 years and 10 months. The longest were that of Russia, lasting 19 years and 2 months, Vanuatu, lasting 17 years and 1 month, and China, lasting 15 years and 5 months. Iran is currently the largest economy outside of the WTO.

Read more about World Trade Organization Accession And Membership:  Accession Process, Members and Observers, List of Members and Accession Dates, List of Observers

Other articles related to "world trade organization accession and membership, membership":

World Trade Organization Accession And Membership - List of Observers
... Country Date of membership application Afghanistan 02004-11-2121 November 2004 Algeria 01987-06-033 June 1987 Andorra 01997-07-044 July 1997 Azerbaijan 01997-06-3030 June 1997 The Bahamas 02001-05-1010 ...

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