Kosovo heading to WTO accession

Kosovo heading to WTO accession

Pristina, 5 September 2016/Independent Balkan News Agency

By Elton Tota

This year, government of Kosovo is aiming to apply for the status of observer at the World Trade Organization. This organization promotes and implements laws and regulations dealing with international trade.

Competent authorities say that the preparations for the accession in this organization have started eight years ago. But now, efforts have boosted significantly.

The Ministry of Commerce and Industry says that the application is being prepared in cooperation with all national institutions and international partners.

“The application is being prepared through quality lobbying, which will secure wide support by WTO member countries. The documents and materials demanded by WTO are complex and contain lots of information from the domain of commerce, customs and taxation”, the ministry says.

Expert of economic affairs, Shkelzen Dakaj told IBNA that Kosovo’s admission in this organization is relatively difficult.

“The admission of new countries in this organization is done with the consensus of all member countries. The veto of one state could block this process. Given the political situation in Kosovo, I think that this is problematic”, he says.

According to Dakaj, Kosovo’s accession at WTP has its positive and negative sides.

“What’s positive is the fact that the accession improves the image of the state of Kosovo and will enable us to be part of regional and international trade. Meanwhile, the negative aspect relates to the fact that Kosovo’s economy is not able to meet the requirements of the global economy”, he says.

Meanwhile, Kazakhstan is the last member that has been accepted last year by the World Trade Organization. The accession of this country was finalized after 20 years of negotiations. /balkaneu.com/