Wednesday, November 9, 2011
News reports indicate that Russia is finally ready to join the World Trade Organization (WTO). It is expected that the WTO Accession Working Party will sign the final agreement with Russia at its meetings beginning tomorrow. If all goes well, Russia's membership will be approved by at the Eigth Ministerial Conference December 15-17 and will take effect shortly thereafter. It has taken 18 years for the two sides to reach agreeemnt on the terms of membership.