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Wto Accession: What’S In It For Russia?

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  • Abdur Chowdhury

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Abstract

Prospects for Russia’s membership in the WTO now look better than any point since accession negotiations began almost a decade ago. Good progress with economic and legal reforms within Russia has left the country’s economy better prepared for membership. Nevertheless, the economy still suffers from various weaknesses including, but not limited to, pervasive subsidies for different sectors, lack of liberalization and foreign participation especially in the service sector, inefficiency in custom administration, lack of enforcement of intellectual property rights, etc. For all their sensitivity, the negotiations on the import tariff levels and access to the service sectors are the least of the problems. Much more difficult will be non-tariff barriers and the general trade-related legislative framework. Resolving the remaining weaknesses would be a complex process. However, given the importance of WTOrelated measures for the overall domestic structural reform, any delay in accession would be at least marginally negative for investor perceptions of country risk.

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Bibliographic Info

Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 2003-595.

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Length: 23 pages
Date of creation: 01 Jul 2003
Date of revision:
Handle: RePEc:wdi:papers:2003-595

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Keywords: Russia; WTO; tariff; reform;

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References

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  1. Michalopoulos, Constantine & Tarr, David, 1997. "The economics of customs unions in the Commonwealth of Independent States," Policy Research Working Paper Series 1786, The World Bank.
  2. Paul Brenton & Natalia Tourdyeva & John Whalley, 1997. "The potential trade effects of an FTA between the EU and Russia," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 133(2), pages 205-225, 06.
  3. Robert M. Stern, 2002. "An Economic Perspective on Russia's Accession to the WTO," Working Papers 480, Research Seminar in International Economics, University of Michigan.
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Cited by:
  1. Weber, Gerald, 2003. "Russia's and Kazakhstan's agro-food sectors under liberalized agricultural trade: a case for national product differentiation," Economic Systems, Elsevier, vol. 27(4), pages 391-413, December.

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