TEXTILE EXPORTERS POISED TO REAP BENEFITS OF RUSSIAWTO ACCESSION
January 1st, 2012
BY MJ DESCHAMPS AND LENA SMIRNOVA
AFTER 18 years of negotiations, Russia has finally gained approval to join the World Trade Organisation (WTO), a key diplomatic move that could have profound consequences for the country's textile market and industry.
A ministerial meeting of the WTO in Geneva anointed Russian accession on December 16, making the country the WTO's 155th member. While membership should boost Russia's economy by encouraging investments, exports and imports, its accession is significant move for the international economy as a whole. ...
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