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What Would a Summit in Brussels Bring Russia?
November 29, 2010 18:22

Next week Brussels welcomes a summit of the Russian Federation and European Union, at which the parties are expected to sign a document on our country becoming a member of World Trade Organization.

Authorities of Europe and the Russian Federation recently announced that they have finally settled all the differences, concerning Russia’s entry in WTO. Information about forthcoming signing of a memorandum of understanding between our country and the European Union comes from Fernando Valenzuela, Ambassador and Head of Delegation of the European Union to the Russian Federation, who gave a talk at a press-conference in Moscow earlier this day.

Russian first vice prime-minister Igor Shuvalov has recently announced that the Russian Federation had finally found solutions to all misunderstandings with the European members of the Organization, who now will not prevent our country from becoming a new member of WTO. The most burning issue was related to export duties of Russian wood to European countries, and authorities claim they have a shared opinion towards it and an agreed document on this problem. Mr. Shuvalov refused to speak about any details of this document, since it is currently being prepared for presentation at the summit in Brussels. Vice prime-minister expects final decision on Russia’s fate in WTO to be made during the meeting in the capital of Belgium and hopes that . However, official website of the World Trade Organization mentions unsolved problems in following areas: agriculture, sanitary control, and automotive industry.



Russia keeps trying to become a member of the World Trade Organization since 1993, while average time between an application submission and its approval has been around 5-7 years.

In June 2009 government heads of Russia, Kazakhstan and Belarus have decide to inform World trade Organization about their intent to enter WTO as an integrated customs territory. However, after consulting with WTO experts, prime ministers decided to make separate applications, but with some common positions. The reason for such a decision was that the three countries of the Customs Union have had different level of readiness to enter such a serious organization as WTO.

According to Fernando Valenzuela, leaders of Russia and European Unions are going to discuss necessary steps towards visa regime abolishment between both parties. The length of this process of visa abolishment depends only on how effective both parties would work towards this goal. Before the borders disappear, Russia and Europe may ease visa restrictions in order to make traveling and business relations between the two parties easier and cheaper. As for relations between our country of the European Union, Mr. Valenzuela is absolutely sure they have significantly improved during recent years. The Head of Delegation of the European Union to the Russian Federation hopes that this positive tendency will prevail during the forthcoming summit in Brussels.

Sources: RIA Novosti

RIA Novosti

Rus Novosti

Anna Kizilova

Tags: Russia International     

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