Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-537-000"
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"en.20121025.35.4-537-000"2
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"Madam President, I very much welcome Russia joining the WTO. I think the issue, though, is about whether Russia successfully adopts WTO procedures. What does joining the WTO actually mean in practice? The official commitments include non-discriminatory treatment of imports of goods and services, reducing tariffs and binding tariff levels, ensuring transparency when implementing trade measures, limiting agricultural subsidies, enforcing intellectual property rights and foregoing the use of local content requirements and other investment measures which limit imports. It also requires them to open government procurement contract opportunities to foreign firms and to accept that the WTO will settle trade dispute procedures. That is quite a long list for Russia to sign up to.
It is quite a challenge for Russia. For example, Russia has export duties on no less than 450 types of products at the moment, and duties will be reduced from 19 % to an average of 8 %. Russia is still a tough place to do business. It is ranked 120 in the world ‘ease of doing business’ rankings, and Putin called the accession process to the WTO an ambush of Russian economic interests. So I very much welcome the move towards the WTO, but there are some tough challenges ahead."@en1
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