1 / 7

Challenges in Russia’s WTO Accession: A U.S. Perspective

Challenges in Russia’s WTO Accession: A U.S. Perspective. Pamela G. Quanrud Economic Minister Counselor U.S. Embassy Moscow, Russia. Agriculture: Subsidies & Standards. No requirement to withdraw support for farmers Need to limit trade-distorting subsidies

wiley
Download Presentation

Challenges in Russia’s WTO Accession: A U.S. Perspective

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Challenges in Russia’s WTO Accession: A U.S. Perspective Pamela G. Quanrud Economic Minister Counselor U.S. Embassy Moscow, Russia

  2. Agriculture: Subsidies & Standards • No requirement to withdraw support for farmers • Need to limit trade-distorting subsidies • Protection through non-tariff barriers discourages investment and innovation

  3. IPR: Legislation & Enforcement • Lack of protection hurts innovation • Commercialization of knowledge key to future growth • Legislation good, but enforcement key

  4. Legislation & Technical Regulations • Lion’s share of legislation already passed • Still pending: IPR, standards, licensing, state subsidies • Russia to review 146 technical regulations by late 2006

  5. WTO Accession: In Russia’s Interest • Doubles GDP/helps reform the economy • Brings Russia into the Global system • Improves living standards for Russians An opportunity Russia can’t afford to miss

  6. Process: What remains? • Conclude bilateral negotiations and complete Working Party Report • Secretariat drafts Protocol of Accession and list of commitments; Duma must ratify • Ministerial Council approves

  7. Russia’s Role in the WTO • Accession means a seat at the table • Bridge between Developing & OECD blocs • Coalition-building based on unique interests

More Related