Iran General NewsWTO accepts Serbia, Montenegro application, rejects Iran

WTO accepts Serbia, Montenegro application, rejects Iran

-

AFP: The World Trade Organisation accepted Tuesday the separate membership applications of Serbia and Montenegro, but again rejected that of Iran because of US opposition. A General Council session of the 148 member-states unanimously accepted the separate applications by Serbia and Montenegro, which previously had made one single application.
AFP

GENEVA – The World Trade Organisation accepted Tuesday the separate membership applications of Serbia and Montenegro, but again rejected that of Iran because of US opposition.

A General Council session of the 148 member-states unanimously accepted the separate applications by Serbia and Montenegro, which previously had made one single application.

A work group set up a year ago to study their application was dissolved and repalced by two new separate work groups, the WTO said.

Member-states said the two former Yugoslav republics — now linked by a loose federation — were now sovereign states as far as their trade policies were concerned.

Serbia’s International Economic Relations Minister Milan Parivodic said his country’s WTO membership would be part of its overall policy of political and economic reform, parallel to its aspirations to membership of the European Union.

“It is of particular importance for us to become a member of WTO as soon as possible,” he told member-states.

The United States continued its opposition to Iran’s membership for the 22nd time in four years. Washington was criticised over its attitude by 15 member-states including China, India and EU member-states.

WTO membership negotiations can be launched with the setting up of a working party to which the applicant must submit a memorandum on its trade policy.

Multilateral negotiations can then ensue with parallel bilateral negotiations between applicant countries and any member-states wishing such bilateral talks.

In the case of China, which finally joined the WTO in 2001, the whole process took a total of 15 years dating from the time of the WTO’s predecessor, the General Agreement on Tariffs and Trade (GATT).

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

UK court OKs extradition over Iran missile claims

AP: Britain's High Court said Friday a retired businessman...

U.S. doesn’t see Iran test missiles as threat

Reuters: The White House said on Thursday it did...

You might also likeRELATED
Recommended to you