IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/5255.html
   My bibliography  Save this paper

Russian trade and foreign direct investment policy at the crossroads

Author

Listed:
  • Tarr, David
  • Volchkova, Natalya

Abstract

This paper summarizes the estimates of what Russia will get from World Trade Organization accession and why. A key finding is the estimate that Russia will gain about $53 billion per year in the medium term from World Trade Organization 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 accession negotiations, and compares them with those of other countries that have acceded to the World Trade Organization. It finds that the Russian commitments represent a liberal offer to the members of the World Trade Organization for admission, but they are typical of other transition countries that have acceded to the World Trade Organization. The authors discuss the outstanding issues in the Russian World Trade Organizaiton accession negotiations, and explain why Russian accession will result in the elimination of the Jackson-Vanik Amendment against Russia. They 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 the importance of Russian accession to Russia and to the international trading community, and suggestions for most efficiently meeting the government’s diversification objective.

Suggested Citation

  • Tarr, David & Volchkova, Natalya, 2010. "Russian trade and foreign direct investment policy at the crossroads," Policy Research Working Paper Series 5255, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5255
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/03/31/000158349_20100331125304/Rendered/PDF/WPS5255.pdf
    Download Restriction: no

    Other versions of this item:

    Citations

    Blog mentions

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

    Citations

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


    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 Other Operational Studies 13052, The World Bank.
    3. 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.
    4. 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.

    More about this item

    Keywords

    Economic Theory&Research; World Trade Organization; Emerging Markets; Debt Markets; Free Trade;

    JEL classification:

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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:5255. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi). General contact details of provider: http://edirc.repec.org/data/dvewbus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.