27.08.2012 - Russia’s WTO membership augurs well for the Islamic world
The accession of Russia to the World Trade Organization (WTO) earlier this week as its 156th member opens up new possibilities in trade and investment cooperation not only with markets in the European Union, the US and China, but also with the Islamic World especially Saudi Arabia, Malaysia and Turkey. Just as the Kingdom and China had a phased-in transition period after their accession to the WTO, Russia similarly will have a grace period of a number of years to comply with the various trade liberalization, dispute resolution and procurement provisions which are a condition of its membership of the world trade body, which in turn in many respects is trying to re-invent itself in the wake of the impasse in the last Doha Round of trade liberalization negotiations. ..............................................Full Article: Source
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