The World Trade Organisation (WTO) formally approved Afghanistan’s membership at its 10th ministerial conference in the Kenyan capital Nairobi.
Afghanistan has become the 163th WTO member and the 36th least developed country (LDC) to join the global trade body after 11 years of negotiations, Xinhua reported.
The landlocked Asian country expects to reap the benefits of the WTO membership for its post-conflict reconstruction.
About WTO
WTO is established on 1 January 1995. It has headquarters at Geneva, Switzerland.
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments.
The goal is to help producers of goods and services, exporters, and importers conduct their business.
Current Affairs: 18th December, 2015 Important Days in November and December Current Affairs bullet points Round up 7th to 14th December, 2015 Current Affairs Round up November, 2015.
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