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Russia and Wto

In: Business and Management

Submitted By PaniJeziora
Words 3710
Pages 15
Russia and World Trade Organization

Subject: International Business
Professor: 梁学宏
Student: Kirilenko Viktoriia,
Class: IB2013
Date: 13 December 2015

Table of Content


Goals and Objectives of the Accession to the WTO……………………4

Advantages and Disadvantages of the Accession to the WTO………5

Conditions of Accession to the WTO……………………………………...6 * Terms and Conditions of Russia’s Accession to the WTO * Unfavorable Institutional Environment * Russia Does Not Have Effective Mechanism to Support Domestic Business * Phytosanitary Standards: Good Conditions and Poor Implementation * Sources of Growth of Exports to Russia Are Limited

Overall Assessment of Impact of Accession to the WTO…………….10 * Missed Opportunities for Growth * The Overall Picture

Conclusion ……………………………………………………………………13


Introduction Russian economy can effectively develop only in close cooperation with international market of goods and services, in spite of huge potential and resources. It also required by the state reforms inside the country. However, World Trade Organization (WTO) states the rules of game on the international market, on time of international globalization. WTO unify about 160 countries and covers more than 95% of turnover of international trade. Russia should enter to WTO considering strategic perspective. This is only way for both Russia government and business. However, rules and norms of WTO create new organizational and legal environment of functioning, which on its own way creates mixed reaction. Based on this Russia needs deployed and targeted preparation for enter to WTO, without political rush, without damage for economic security and taking into account the views...

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