A more detailed introduction to the WTO and its agreements. These agreements are often referred to as WTOs trade rules, and the WTO is often referred to as rules, a rules-based system. But it is important to remember that the rules are in fact agreements negotiated by governments. A country wishing to join the WTO submits a request to the General Council and must describe all aspects of its trade and economic policy that affect WTO agreements.  The application is submitted to the WTO as part of a memorandum reviewed by a working group open to all interested WTO members.  The final phase of accession includes bilateral negotiations between the candidate country and other members of the Working Group on Concessions and Commitments on the Level of Tariffs and Market Access to Goods and Services. The new member`s obligations will apply equally to all WTO members, even if they are negotiated bilaterally, in accordance with the usual rules of non-discrimination.  For example, following WTO membership, Armenia proposed a 15% tariff on access to its market for products. With collective agreements that are ad valorem, there are no specific or compound rates. In addition, there are no tariff quotas for both industrial and agricultural products.  Armenia`s economic and trade performance growth has been seen since its first review in 2010, particularly after the 2008 global financial crisis, with an average annual GDP growth rate of 4%, despite some fluctuations.
The Armenian economy has been characterized by low inflation, lower poverty and substantial progress in strengthening macroeconomic stability, where trade in goods and services, which accounts for 87% of GDP, has played an increasing role.  These agreements are not static; they are renegotiated from time to time and new agreements can be added to the package. Many negotiations are under way under the Doha Development Agenda, launched by WTO trade ministers in Doha, Qatar in November 2001. THE GATT remains a WTO framework agreement for merchandise trade, updated following the Uruguay Round negotiations (distinction between the 1994 GATT, the updated GATT parts, and the 1947 GATT, the initial agreement that remains the heart of the 1994 GATT).  However, the 1994 GATT is not the only legally binding agreement contained in the final deed in Marrakech; a long list of some 60 agreements, annexes, decisions and agreements has been adopted.