Iran renews bid for WTO membership

 

According to Press TV, Minister of Mine, Industry and Trade Mohammad Reza Nematzadeh said “Iran’s trade regime has been updated and reviewed and we hope we will be able to send it to the WTO’s General Council in the near future.”

A trade regime is a system of tariff and non-tariff policies and export incentives which aim to protect domestic producers.

Iran’s bid for accession into the World Trade Organization has long faced the US veto. Washington agreed to drop its opposition as part of a preliminary nuclear agreement in November 2013.

Nematzadeh said “Correspondence has been made with all the ministries in order to pave the way for accession into WTO and we hope to advance work with the efficient councils as soon as possible.”

The minister cited intellectual properties as one of the “very important” key areas to the WTO accession.

He added “In this regard, we are trying to fast-track our attention to intellectual properties with the removal of sanctions.”

Iran is currently in talks with the US and its allies over Tehran’s nuclear program amid hopes they would lead to a final solution.

ME

Source Article from http://english.irib.ir/news/economy/item/209778-iran-renews-bid-for-wto-membership

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