Thursday, November 10, 2011

WTO Working Group Approves Russia's 18-Year Membership Bid

A WTO working group agreed on the terms which would allow Russia to join the WTO. Russia will reduce her average tariff ceiling for manufactured goods from 9.5% to 7.3% and her tariffs on farm products from 13.2% to 10.8%.

“It has been a long journey,” said Pascal Lamy.

Boy, that’s an understatement.

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