ARMENIA AND IRAN REACH PRELIMINARY AGREEMENT ON BRINGING TRADE REGIMES BETWEEN EACH OTHER INTO LINE WITH WTO REQUIREMENTS
NOYAN TAPAN
Dec 23, 2008
YEREVAN
During the recent sitting of the Armenian-Iranian intergovernmental
commission, the sides reached an agreement to bring the trade regimes
between each other into line with requirements of the World Trade
Organization (WTO). The co-chair of the commission, Armenian minister
of energy and natural resources Armen Movsisian announced this at
the December 22 press conference.
He said that the differences in the trade regimes of the two countries
were examined at the sitting. A. Movsisian reminded that Armenia
is a member of WTO and its legislation and norms on trade relations
are in line with WTO requirements. "We put this problem before our
partners and we have come to an agreement that the regimes should
be brought into line with these requirements," he said, adding that
"Iran also has a goal of joining the WTO and it should pass the whole
process of becoming a member".
To recap, a country that expressed a willingness to join WTO must
reach agreements on trade regimes with those countries – WTO members,
with which it has trade relations.