Russia Clears First Hurdle to Joining WTO; Kirk Pleased
The Russian Duma ratified Russia’s World Trade Organization (WTO) accession package. U.S. Trade Representative Ron Kirk said the U.S. is "pleased" that Russia has "completed this critical first step in its domestic process" for becoming a WTO member. "Russia’s membership…
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in the rules-based global trading system of the WTO will contribute to Russia’s economic growth as well as provide us with new opportunities to guide and grow our bilateral economic relationship," Kirk said. The legislation now moves to the upper chamber of Russia’s parliament, the Federation Council, for adoption, and then to the President for signature. Russia has until July 23 to notify the WTO.