Accession of CIS countries to the World Trade Organisation

Matthias Lücke (matthias.luecke@ifw-kiel.de)

No 796, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This paper discusses the benefits as well as the adjustment problems resulting from the proposed accession of the member countries of the Commonwealth of Independent States (CIS) to the World Trade Organisation (WTO). In the area of trade-related policies, the CIS countries will have to make strategic decisions on policy objectives that have so far been avoided. Necessary adjustments to specific policy instruments will be limited and mostly technical in nature. Similarly, current plans for regional integration among CIS countries are fundamentally in compliance with WTO rules. However, negotiating strategies should be carefully coordinated among CIS countries that are in a de facto, though not necessarily a de jure customs union. Systemic transformation, especially the imposition and further strengthening of financial discipline on formerly socialist enterprises through privatization and elimination of subsidies, will need to be carried forward vigorously. Benefits of WTO accession include the consolidation of recent improvements in market access and, above all else, greater credibility for market-oriented reform policies through the international commitments to be entered into by CIS governments with respect to future trade-related policies.

JEL-codes: F02 (search for similar items in EconPapers)
Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/941/1/226243427.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:zbw:ifwkwp:796

Access Statistics for this paper

More papers in Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics (econstor@zbw-workspace.eu).