Current Affairs
Daily Bits

Turkmenistan gets Observer Status in World Trade Organization

  • Posted By
  • Categories
    World Affairs
  • Published
    25th Jul, 2020
  • Turkmenistan became the 25th country who was granted observer status in the World Trade Organization (WTO)
  • Turkmenistan also became the last former Soviet republic to establish formal ties with the trade body.
  • Apart from other member states, India also supported Turkmenistan as an observer of WTO.
  • Now, there is a possibility of Turkmenistan’s acceding (to the organisation’s membership) in the next five years.
  • Its neighbouring Central Asian countries — Kazakhstan, Kyrgyz Republic, Tajikistan and Afghanistan — have acceded to the WTO, while Uzbekistan has been in on-and-off negotiations on WTO accession since 1994.

Verifying, please be patient.