WTO negotiators agree on final terms for Russia entry
Negotiators have agreed on final terms that would allow Russia to join the World Trade Organization (WTO) body after 18 years, on the heels of a Swiss-brokered deal to lift Georgian objections to Russian membership.
The WTO said a working panel has agreed on the terms that would allow Russia to be approved as a member at the WTO's ministerial meeting on December 15-17.
"It has been a long journey, but today, Russia has taken a big step towards its destination of membership in the WTO," Director-General Pascal Lamy said.
Stefan Johannesson, chairman of the WTO working group on Russian accession, claimed the development was also good for the international economic situation.
"The accession of Russia to the World Trade Organization is a win-win result," he said.
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