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13/10/2000
Lithuania
completes membership negotiations to
accede to WTO
The
WTO Working Party on the Accession of Lithuania has approved the
country's membership documents, which now go to the General Council
for final approval at its 7-8 December 2000 meeting.
WTO
Director-General Mike Moore said Lithuania's forthcoming full participation
in the WTO "should help buttress the country's impressive reform
programme and bring further tangible economic benefits to her citizens".
Lithuania has committed itself to the ratification of the WTO accession
instruments by 1 May 2001. It would become a member 30 days after
notifying the WTO of ratification.
Agriculture
was a major issue during the negotiations. Lithuania is now committed
to a reduction of 20 percent over five years of domestic subsidies
that are subject to disciplines under the WTO agreement on agriculture.
It also pledged to eliminate agricultural export subsidies upon
accession.
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