An analysis of several factors that have contributed to Russia's current interest in joining the World Trade Organization (WTO).
Written in 2006; 1,080 words; 3 sources; APA; $ 37.95
Paper Summary:
This paper discusses Russia's relationship with the World Trade Organization (WTO). It looks at some of the major political and economic implications after accession and the potential effect of this process on the future.
Outline
The World Trade Organization
Russia's Path to the World Trade Organization
Major Political and Economic Implications for Russia
Russia's WTO Accession and Georgia
From the Paper:
"According to the accession rules, to become a WTO member at least two-third of member countries should give their approval. However Georgia has important leverage with which to block Russia's entry. For membership, the applicant country should reach bilateral agreements with those countries with which the applicant has some trade and/or political disputes. The findings of these negotiations are then presented to the General Council of the WTO and if the Council approves the results, the accession process will continue. Evidently, if Russia does not meet all of the requirements, then the general council will not refer to the findings as the country's entry will be automatically blocked. "
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