Russian opportunities as it finally joins WTO

Posted on 22 Aug 2012

Russia has completed its accession into the World Trade Organisation (WTO), creating opportunities for British firms as it slashes import taxes.

Negotiations started after the breakup of the Soviet Union 19 years ago but a series of setbacks ensued, preventing Russia’s entry to the WTO, which lowers trade barriers and seeks to establish equal conditions for members. From the date of accession, the Russian Federation has committed to fully apply all WTO provisions, with recourse to…

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