WTO accession for countries in transition

Constantine Michalopoulos

No 1934, Policy Research Working Paper Series from The World Bank

Abstract: Countries in transition have considered membership in the World Trade Organization (WTO) an important step toward integration in the international economic system. After several years of negotiations, five members of the former Soviet Union (FSU) - Armenia, the three Baltic countries, and the Kygryz Republic - may become members in 1998. It will probably take longer for Russia, Ukraine, and some others. It takes four to five years to processapplications for FSU countries - which is close to average for recent applicants. The five countries expected to accede to the WTO this year are among the more liberal member of the FSU. With those five processed, there will be a backlog of another 26 application, most of them countries in transition, including China and Russia. At the current rate of processing, it will take five to six years to process them - and a decade or more for the 25 or so developing and transition economies that have yet to apply. Processing is tine-consuming because: legislative requirements needed for accession are time-consuming; candidate countries are weak institutionally and unfamiliar with the economic and legal issues to be addressed; the fact finding process is unnecessarily cumbersome and time-consuming; technical assistance to applicants in meeting the requirements for WTO accession is not effectively coordinated; and addressing the commercial interests of all members requires protracted negotiations. Governments seeking accession must coordinate the legislative and regulatory changes needed in their foreign trade regimes, adopt liberal trade policies, and identify areas of institutional weakness that require delays in implementation of WTO provisions and seek agreement on such delays. WTO members, for their part, should expedite the process, as universal membership is in everyone s best interest. They should: agree to suitable, time-bound extensions to allow acceding governments to address institutional weaknesses; provide coordinated assistance to acceding countries to strengthen their institutional capacity; and streamline the fact finding aspects of the accession process and give the WTO secretariat the budgetary resources it needs to work with applicant governments for this purpose.

Keywords: Trade Policy; Environmental Economics&Policies; Decentralization; Economic Theory&Research; Banks&Banking Reform; Trade and Services; Environmental Economics&Policies; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; World Trade Organization; Economic Theory&Research (search for similar items in EconPapers)
Date: 1998-06-30
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www-wds.worldbank.org/external/default/WDSC ... d/PDF/multi0page.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:1934

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().