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Old 06-04-2012, 06:44 PM   #1
sherrferris

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Nov 2005
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Default Russia To Ratify WTO Accession Packet
12:29 04/06/2012 KAZAN, June 4 (RIA Novosti)

The Russian government will study its protocol to the World Trade Organization on June 7 and the lower
house of parliament, the State Duma, may ratify the country's accession into the WTO by July 20, First Deputy
Prime Minister Igor Shuvalov said on Monday.



The improved competitive environment in Russia after its accession to the World Trade Organization will help
modernize the domestic economy, Said President Vladimir Putin. Russia needs to join the world trade club to
upgrade its production capacities, said Putin who is to return to the Kremlin in May after four years as premier.

Some Russian producers may suffer in the short-term from Russia’s entry in the WTO but the Russian
government is looking for tools to protect key sectors of the economy, such as agriculture, carmaking and
agricultural machinery production, he said.
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