RUSSIA WTO MEMBERSHIP COULD BOOST ITS OILS AND FATS EXPORTS IN THE LONG TERM
May 1st, 2012
BY MARK ROWE AND KEITH NUTHALL
THE WORLD'S oils and fats exporters probably drew a sigh of relief when Russia secured agreement for it to join the World Trade Organisation (WTO) last December. The country has a history of using unpredictable and, some say, arbitrary bans on food imports to punish exporting countries with which it is unhappy. Critics have claimed that these bans are often not really based on science, but rather on politics - although the Russian government has always denied this. Either way, once Russia becomes a WTO member - probably by July, ...
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