Kazakhstan joined the Joint Statement of WTO member on the Services Domestic Regulation

An informal meeting of trade ministers of WTO member countries on Services Domestic Regulation was held on May 23, 2019 in Paris (France) at the initiative of the European Union and Australia. The main outcome of the event was the adoption of a Joint Statement by WTO members on the need to accelerate negotiations over possible agreement on multilateral rules for the global regulation of trade in services. The meeting was attended by the Director General of the WTO R. Azevedo and trade ministers of 32 WTO member countries.

The Kazakhstan's delegation was headed by Vice-Minister of National Economy of the Republic of Kazakhstan M. Zhunusbekova, who expressed her full support for the Joint Statement of the WTO Ministers in the field of services Domestic Regulation. The document calls for the completion of negotiations on new WTO rules aimed at improving the regulatory environment for trade in services, with a view of its adoption at the 12th WTO Ministerial Conference in Nur-Sultan in 2020.

During the meeting, the General Director of the WTO, R.Azevedo, noted that the countries that signed the Joint Statement represent 73% of world trade in services. According to R.Azevedo, open and regulated service markets provide access to technology, information, innovation and skills. In addition, they have significant potential for reducing trade costs.

Created at : 24.05.2019, 18:00, Updated at : 24.05.2019, 18:00