Page 55 - Azerbaijan State University of Economics

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

3. enhancement of currency elements, pursuant to "Dutch decease", i.e. increase of

receipts of monetary resources drives up the rate of manat. It makes national products non-

competitive, import - attractive for consumer.

4. Main Policies and Reforms that have to be done for entering WTO

For Azerbaijan to successfully enter WTO, the detailed program is required. It is

necessary to take into account the following moments:

1) Period of entrance

It should be noted Russia is seeking to unite with Belorussia, Ukraine and Kazakhstan in

the given problem and create general trade-economic space, enter WTO as a single block (for

example - Kern group). In this context, period of entrance for Russia is till 2007. These countries

are the leading trade-economic partners of Azerbaijan and their markets are perspective for

Azerbaijan's agricultural output (particularly initial products). Therefore, it is expedient to

arrange period for entrance not later than periods of other CIS countries.

2) Program for entrance to WTO

The program for entrance must base upon strategy of economic development in Azerbaijan,

which bases on priority of each country and sector in separation. The key aspects of the program:

 arrangement of access to the markets of WTO's member-nations;

 arrangement of commitments for Azerbaijan;

 arrangement of national regime for trade with goods and services.

The fundamental principles of the program in light of poverty:

 national economic security;

 international competitiveness of market-oriented subjects;

 support to functioning labor markets and creation of news ones;

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