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Russian Trade and Foreign Direct Investment Policy at the Crossroads

In: Trade Policies for Development and Transition


  • David Tarr
  • Natalya Volchkova


This paper summarizes the estimates of what Russia will get from WTO accession and why. A key finding is the estimate that Russia will gain about $53 billion per year in the medium term from WTO accession and $177 billion per year in the long term, due largely to its own commitments to reform its own business services sectors. The paper summarizes the principal reform commitments that Russia has undertaken as part of its World Trade Organization (WTO) accession negotiations, compares them with those of other countries that have acceded to the WTO. It finds that the Russian commitments represent a liberal offer to the members of the WTO for admission, but they are typical of other Transition countries that have acceded to the WTO. The authors discuss why Russian WTO accession will result in the elimination of the Jackson- Vanik Amendment against Russia. The authors discuss Russian policies to attract foreign direct investment, including an assessment of the impact of the 2008 law on strategic sectors and the increased role of the state in the economy. Finally, the authors assess strategies for most efficiently meeting the Government’s objective of diversifying the Russian economy.

Suggested Citation

  • David Tarr & Natalya Volchkova, 2017. "Russian Trade and Foreign Direct Investment Policy at the Crossroads," World Scientific Book Chapters, in: Trade Policies for Development and Transition, chapter 15, pages 337-360, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789813108448_0015

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    Blog mentions

    As found by, the blog aggregator for Economics research:
    1. В то ВТО
      by (author unknown) in ДНЕВНИК ЭКОНОМИСТА on 2010-10-04 00:56:37
    2. Возвращение "Боржоми"
      by (author unknown) in ДНЕВНИК ЭКОНОМИСТА on 2010-10-25 17:08:06
    3. Путин vs. время
      by (author unknown) in ДНЕВНИК ЭКОНОМИСТА on 2011-04-10 16:58:12
    4. Лучше меньше да лучше
      by (author unknown) in ДНЕВНИК ЭКОНОМИСТА on 2012-09-03 09:10:40


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Alexander Plekhanov & Asel Isakova, 2012. "Customs Union and Kazakhstan's Imports," CASE Network Studies and Analyses 442, CASE-Center for Social and Economic Research.
    2. World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Publications - Reports 13052, The World Bank Group.
    3. Csaba Weiner, 2011. "Foreign Direct Investments in Russia and the Hungarian-Based Investors," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 104-115.
    4. Favaro, Edgardo & Smits, Karlis & Bakanova, Marina, 2012. "Structural challenges for SOEs in Belarus : a case study of the machine building sector," Policy Research Working Paper Series 6010, The World Bank.

    More about this item


    International Trade Policy; Developing Countries; Transition Countries; Growth; Poverty; Environment; Multilateral; Adjustment Costs; Autos and Steel;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations


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