Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-273-960"

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"en.20121026.23.5-273-960"2
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". We welcome the fact that the Russian Federation concluded its multilateral negotiations on accession to the World Trade Organisation (WTO) after 18 years of negotiations on 10 November 2011 and was officially accepted as a member on 16 December 2011. The European Union is a strategic trade partner of Russia, ranking as its first and still growing source of imports and its main export destination, as well as a key investment partner (in terms of inward foreign direct investment), accounting for 47.1 % of Russia’s overall trade. I am pleased to see that this relationship is still growing, as Russia has also become the EU’s second source of imports (EUR 158.6 billion) and its fourth export destination (EUR 86.1 billion) (2010 figures). I therefore expect this accession to lead to an even greater increase in multilateral relations between the EU and Russia, which will be satisfactory for both parties."@en1

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