Russian / US trade deal paves way for Russia's WTO accession
The United States have agreed in principle to approve Russia's membership to
the World Trade Organisation, after extensive bilateral trade
The deal is expected to be signed by Russia's Presidents Vladimir Putin and the US President George W
Bush at the upcoming Asia-Pacific Economic Cooperation (APEC) summit in
If the deal is confirmed it will end 13 years of negotiations.
Russia had hoped to seal the deal at the G8 Summit in St Petersburg in July, but talks broke-down after
the two sides could not agree on an inspection system for US pig meat. It is
still unclear how the issue of inspection has been resolved.
Russia is a big importer of agriculture products and has set up a system of
tariff quotas to regulate imports of beef, pig meat and poultry meat. However,
Russia had threatened to withdraw these concessions if no WTO deal was done
before the end of the year.
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Photo: US President, George W Bush & Russian President Vladimir Putin
shaking hands before G8 in July 2006
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