Economy - Voice of America: Russia Becomes 156th Member of WTO

Economy - Voice of America economy-and-business

Russia Becomes 156th Member of WTO Aug 22nd 2012, 19:04 Russia became the 156th member of the World Trade Organization on Wednesday, following nearly two decades of negotiations. Russia was one of the world's last major economies to join the Geneva-based institution, having previously expressed concerns about the potential influx of Western goods and services. As part of its membership, Russia has agreed to lower import tariffs to less than 8 percent from a current average of around 10 percent.  As part of the agreement, Russia has ...

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