The original members of the World Trade Organization are the parties to the General Agreement on Tariffs and Trade (GATT) after ratifying the Uruguay Round Agreements,[1] and the European Communities. They obtained this status at the entry into force on 1 January 1995 or upon their date of ratification. All other members have joined the organization as a result of negotiation, and membership consists of a balance of rights and obligations.[2] The process of becoming a World Trade Organization (WTO) member is unique to each applicant country, and the terms of accession are dependent upon the country's stage of economic development and the current trade regime.[3]
An offer of accession is given once consensus is reached among members.[4] The process takes about five years, on average, but it can take some countries almost a decade if the country is less than fully committed to the process, or if political issues interfere. The shortest accession negotiation was that of Kyrgyzstan, lasting 2 years and 10 months. The longest were that of Russia, lasting 19 years and 2 months,[5] Vanuatu, lasting 17 years and 1 month,[6] Comoros, lasting 16 years and 10 months, and China, lasting 15 years and 5 months.[7]
As of 2007, WTO members represented 96.4% of global trade and 96.7% of global GDP.[8] Iran, followed by Algeria, are the economies with the largest GDP and trade outside the WTO, using 2005 data.[9][10]
VanuatuAccession
was invoked but never defined (see the help page).