Russia says WTO entry talks may be delayed by years

By REUTERS
June 18, 2011 19:34

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Russian accession into the World Trade Organisation (WTO) could be delayed by several years if there was no agreement on key issues by the end of July, Russia's economy minister said on Saturday.

Russia aims to become a member of the trade watchdog in December but Elvira Nabiullina said that the outstanding issues included agriculture, Russia's car assembly regime as well as controls on the import of food and livestock.

Sources close to negotiations process told Reuters earlier this year that elections in Russia and the United States would inevitably stall the Russian accession process if there was no conclusive agreement by the second half of 2011.

Russia applied to join the WTO's predecessor, the General Agreement on Tariffs and Trade (GATT), in June 1993 and its $1.5 trillion economy is by far the largest economy outside the 153-member organisation.

President Dmitry Medvedev said last week there was a "very high chance" that Russia would become a WTO member in 2011 but complained about delays in negotiations.

Related Content

Breaking news
August 19, 2018
Iran defense minister: Iran to unveil new fighter jets

By REUTERS