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NAIROBI, Dec. 17 (Xinhua) -- The World Trade Organization (WTO) on Thursday formally approved Afghanistan's membership at its 10th ministerial conference in the Kenyan capital Nairobi.
Afghanistan has become the 164th WTO member and the 36th least developed country (LDC) to join the global trade body after 11 years of negotiations1.
"Today is a historic day for Afghanistan as we reaffirm our commitment to free market economy in order to alleviate2 poverty and achieve lasting3 peace and stability," said Mohammad Khan, Afghanistan's First Deputy Chief Executive, at the ceremony for the accession.
Afghanistan WTO membership approved after 11 years of talks
The landlocked Asian country expects to reap the benefits of the WTO membership for its post-conflict reconstruction4.
"For the last decade, we have focused on rebuilding state, academic institutions and the private sector5. We request the international community to provide technical capacity to enable Afghanistan to handle the post WTO accession process," Khan said.
He said Kabul had accelerated domestic reforms in order to woo investment in key sectors6 of the economy, including transport infrastructure7 and energy.
"We are committed to greater fiscal8 discipline and creation of a favorable environment for trade and investments," he said.
Roberto Azevedo, WTO Director General, said Afghanistan's membership was "an endorsement9 of the extensive program of domestic reforms the country has undertaken to accelerate economic growth."
Zou Jiayi, China's Assistant Minister for Finance, who was attending the WTO conference, said the admission was "a triumph of multilateralism" that inspired developing nations.
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1 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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2 alleviate | |
v.减轻,缓和,缓解(痛苦等) | |
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3 lasting | |
adj.永久的,永恒的;vbl.持续,维持 | |
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4 reconstruction | |
n.重建,再现,复原 | |
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5 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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6 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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7 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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8 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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9 endorsement | |
n.背书;赞成,认可,担保;签(注),批注 | |
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