Maxim Medvedkov News
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Russia is failing to fulfill its obligations as a World Trade Organization member months after joining the global trade body and may face legal action as a result, European Union Trade Commissioner Karel De Gucht said.
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Russia’s economy may slow after it joins the World Trade Organization, while the government hopes to use its membership to defend the interests of state-run OAO Gazprom, said Maxim Medvedkov, Russia’s chief WTO negotiator.
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The U.S. risks losing out on a potential doubling of exports to Russia unless Congress repeals a Cold War-era law passed to punish the Communist Soviet Union.
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Russia’s accession to the World Trade Organization was all but sealed when a working group agreed on the terms of membership by adopting a package of documents that include its obligations on goods and services.
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Nikolai Fedorov learned as a boy selling radishes in a street market in the former Soviet Union that when rivals showed up he had to cut prices. Now as Russia’s agriculture minister he has to instill competition in the nation’s 17.8 million farmers while weaning them off subsidies.
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Russia has reached an agreement with Georgia that may clear the way for Russia’s entry into the World Trade Organization, the chief negotiator for Moscow said.
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Russia signed an agreement with Georgia about joining the World Trade Organization, according to Maxim Medvedkov, Russia’s chief negotiator, and Georgian Deputy Foreign Minister Sergi Kapanadze.
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Russia’s 18-year quest to join the World Trade Organization moved closer to fulfillment yesterday after Georgia agreed to a Swiss proposal for a compromise between the two governments.
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Russia will introduce an export quota on unprocessed timber after it is accepted into the World Trade Organization, Interfax reported, citing Maxim Medvedkov, the Economy Ministry official responsible for trade talks.
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President Barack Obama said the U.S. is among countries agreeing to allow Russia to join the World Trade Organization after Russia resolved a disagreement with Georgia.
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