The WTO vs. the Customs Union

Abstract

Kazakhstan has been trying to enter the World Trade Organization for the last 19 years, and on July 27, 2015 in Geneva, President Nursultan Nazarbayev and CEO of the WTO, Roberto Azevedo signed the protocol of accession into the WTO. Obviously, there is a lot of hard work to be done in the next several years, but how will this entry affect on the economical and social situation? Moreover, Kazakhstan has joined the Customs Union in 2010 in order to remove all customs borders between the member states but still there is a lot of undergoing processes that need to be fixed.