Saturday, October 3, 2009

WTO Doubts Russia Will Join

World Trade Organization director general Pascal Lamy sees Prime Minister Vladimir Putin’s announcement in June that Russia will seek WTO membership only as a customs union with Kazakhstan and Belarus as a sign that Russia has abandoned its 16-year effort to join WTO. Lamy noted in an interview with the New York Times that the proposal lacks precedent under WTO rules, and he observed that there is “no energy in Moscow” to join the group. Analysts point to Russia's emphasis on energy exports (rather than diversification) and suspicion of Western motives as reasons for the loss of interest in WTO membership.

http://www.nytimes.com/2009/10/03/business/global/03wto.html

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