The economic significance of Russia's accession to the WTO
By: [Dr. Richard Connolly]
Contributors: European Union. Directorate-General for External Policies
Publisher: European Union
Published: 2012
Place of publication: [Brussels, Belgium]
Language: eng
Format: [electronic resource] /
Number of pages: 41
ISBN-13: 9789282337479
Subjects: Economic conditions; Foreign economic relations; World Trade Organization
Description: This report considers Russia's recent accession to the WTO, assessing the implications that accession is likely to have on Russia's domestic economy and on its economic relations with the EU. The first section argues that despite the fact that Russia has experienced a fundamental transformation over the past two decades it faces a number of serious challenges. Overcoming these challenges successfully is likely to require the implementation of a significant economic reform package, with WTO accession representing only a small part of what is required. The second section outlines the most important commitments made by Russia as part of the accession agreement. A third section describes the likely effects on the Russian economy of accession. It is argued that the most important effects will be felt through increased flows of foreign direct investment in business services sectors. However, serious benefits will only accrue to Russia if it improves its investment climate. A fourth section argues that the nature of EURussia relations is unlikely to change dramatically unless the Russian economy experiences significant structural transformation. The conclusion suggests that WTO accession should be part of broader economic reform package if it is to result in any serious improvement in Russia's investment climate.
Notes: At head of title: Directorate-General for External Policies of the Union, Directorate B, Policy Department study.

EXPO/B/INTA/FWC/2009/01/Lot1/35

June/ 2012

PE 433.696

Doi: 10.2861/83340.

Title from PDF cover screen (viewed on Aug. 7, 2012).

Includes bibliographical references: p. 39-41.

Mode of access:  World Wide Web.

System requirements:  Adobe Acrobat Reader.
Table of contents: title: Executive summary.; title: Introduction.; title: The Russian economy: an overview.; title: WTO accession: Russia's commitments.; title: Implications for the Russian economy.; title: WTO accession and EU-Russia economic relations.; title: Conclusion.; title: Bibliography.