Russia Ratifies TFA
Russia on April 22 became the 77th World Trade Organization member to ratify the WTO Trade Facilitation Agreement (TFA), the WTO announced (here). “I was very happy to meet with [Russian] Minister [of Economic Development Alexey] Ulyukaev today and receive…
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Russia’s instrument of acceptance,” WTO Director-General Roberto Azevêdo said in a statement. “The WTO’s Trade Facilitation Agreement is particularly important for such a large nation bridging two continents. Trade facilitation can help Russia expand its trade relations and diversify its economy by significantly reducing the time and costs of moving goods across its many borders.”