EU and Russia settle WTO admission issues.

By bne IntelliNews November 25, 2010
Russia and EU settled all the issues regarding Russia's admission to WTO, including export tariffs on commodities, first deputy PM Igor Shuvalov announced after negotiations with EC representatives. To remind, earlier this month EC Trade commissioner Karel de Gucht announced that Russia's timber export limitations and possible raising of timber export duties is the issue to be solved prior to the accession, as far as EC is concerned. As reported, it was announced in early October by head of Russia's delegation for WTO talks Maxim Medvedkov that negotiations on WTO accession with EU are going to be completed in several weeks. Medvedkov earlier estimated that Russia's membership in WTO and all necessary procedures might be complete by 2012, while FinMin Alexei Kudrin estimated that Russia would join WTO in 10 months. Completion on negotiations on WTO accession with USA and China was announced at the end of September. Russia is the only major economy not being a part of WTO, holding negotiations to join the organisation since 1994.

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