Russia on way
Source: Agencies |
December 8, 2010, Wednesday
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Print Edition
Print Edition
THE European Union and Moscow have reached a deal settling outstanding trade issues which should smooth the way for Russia to become a member of the World Trade Organization next year.
EU Commission President Jose Manuel Barroso met with Russian President Dmitry Medvedev yesterday and said that the agreement marked a "milestone" in relations.
Russia is the only major trading power which is not part of the Geneva-based WTO and over the past years had been working to settle bilateral trade issue ranging from export duties to meat import restrictions.
Barroso said: "Russia becoming a WTO member in 2011 is a realistic perspective." Russia now still has to settle some outstanding issues with the WTO itself before it can join the organization.
EU Commission President Jose Manuel Barroso met with Russian President Dmitry Medvedev yesterday and said that the agreement marked a "milestone" in relations.
Russia is the only major trading power which is not part of the Geneva-based WTO and over the past years had been working to settle bilateral trade issue ranging from export duties to meat import restrictions.
Barroso said: "Russia becoming a WTO member in 2011 is a realistic perspective." Russia now still has to settle some outstanding issues with the WTO itself before it can join the organization.
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