Current Affairs
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Turkmenistan gets Observer Status in World Trade Organization

  • Posted By
    10Pointer
  • 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.