Wto Accession: What’S In It For Russia?
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.
|Date of creation:||01 Jul 2003|
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- 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;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(2), pages 205-225, 06.
- Robert M. Stern, 2002.
"An Economic Perspective on Russia's Accession to the WTO,"
480, Research Seminar in International Economics, University of Michigan.
- Robert M. Stern, 2002. "An Economic Perspective on Russia's Accession to the WTO," William Davidson Institute Working Papers Series 472, William Davidson Institute at the University of Michigan.
- Bacchetta, Marc & Drabek, Zdenek, 2002. "Effects of WTO accession on policy-making in sovereign states: Preliminary lessons from the recent experience of transition countries," WTO Staff Working Papers DERD-2002-02, World Trade Organization (WTO), Economic Research and Statistics Division.
- 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.
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