Page 47 - Azerbaijan State University of Economics

Fakhri M. Mammadov: Azebaijan–WTO relations, problems and future perspectives

services which is needed before accession into the WTO can be accomplished; (b) improvements

in the ease and security of market access to major export markets; (c) access to a dispute

settlement mechanism for trade issues.

The entrance program to the organization must be base on the economic development of

the country: The main aspects of the program is:

 Defining the entrance to the market of WTO members;

 Defining the obligations of Azerbaijan;

 Defining the national regime of trade of goods and services.

Main principles of program on the poverty context:

 National – economic security;

 Competition ability of market participants;

 Supporting labor market and reconstructing it;

 Government support to the agrarian – industrial sector;

 Supporting the low-income level of population.

WTO membership offers the opportunity for new members to lock in present relatively

liberal trade regimes. While trade regimes in transition economies vary considerably, many have

established regimes with relatively low tariffs and not encumbered by significant non-tariff

barriers. For these countries, membership provides the opportunity to lock in these regimes by

assuming legally binding obligations regarding tariff levels and other practices.

We must think about the social results of the membership and its influence to the welfare

and income of the population. We must analyze the following questions:

1. How the new foreign trade terms will influence on economic dynamics.

2. Will there be created profitable markets or we will lose them

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