English | دری

Russia’s WTO membership dream coming true

in International Business

Russia’s WTO membership dream coming true

Russia’s Lower House of parliament has approved the country’s entry into the World Trade Organization.

Russia was denied membership due to human rights concerns and business disputes in the region. It was finally allowed to join under a deal reached with the WTO in December last year after 18 years of negotiations.

However, some Russian politicians had opposed membership due to some of the requirements from WTO which included cutting tariffs on some imported goods, something Russia’s government thought there was no immediate way to recover the lost revenue.

The membership will be finalized after President Vladimir Putin signs the bill passed by the Upper House.

Tags assigned to this article:
Russia WTO membership

Related Articles

Empty shops at record levels in UK town centres

According to a survey from the British Retail Consortium (BRC), the proportion of empty shops in British town centres hit

Nintendo reveals Wii U's Miiverse social network ahead of E3

Nintendo’s new Wii U console will embrace social networking, according to a video presentation released ahead of the E3 video

Forecast for global economic growth to be cut by IMF: Christine Lagarde

Speaking at an economic symposium in Tokyo, International Monetary Fund chief Christine Lagarde has said that IMF would cut the

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.