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Challenges in Russia’s WTO Accession: A U.S. Perspective

Challenges in Russia’s WTO Accession: A U.S. Perspective. Pamela G. Quanrud Economic Minister Counselor U.S. Embassy Moscow, Russia. Agriculture: Subsidies & Standards. No requirement to withdraw support for farmers Need to limit trade-distorting subsidies

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Challenges in Russia’s WTO Accession: A U.S. Perspective

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  1. Challenges in Russia’s WTO Accession: A U.S. Perspective Pamela G. Quanrud Economic Minister Counselor U.S. Embassy Moscow, Russia

  2. Agriculture: Subsidies & Standards • No requirement to withdraw support for farmers • Need to limit trade-distorting subsidies • Protection through non-tariff barriers discourages investment and innovation

  3. IPR: Legislation & Enforcement • Lack of protection hurts innovation • Commercialization of knowledge key to future growth • Legislation good, but enforcement key

  4. Legislation & Technical Regulations • Lion’s share of legislation already passed • Still pending: IPR, standards, licensing, state subsidies • Russia to review 146 technical regulations by late 2006

  5. WTO Accession: In Russia’s Interest • Doubles GDP/helps reform the economy • Brings Russia into the Global system • Improves living standards for Russians An opportunity Russia can’t afford to miss

  6. Process: What remains? • Conclude bilateral negotiations and complete Working Party Report • Secretariat drafts Protocol of Accession and list of commitments; Duma must ratify • Ministerial Council approves

  7. Russia’s Role in the WTO • Accession means a seat at the table • Bridge between Developing & OECD blocs • Coalition-building based on unique interests

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