EU says Russia could join WTO within year
26-05-2010 - Reuters
Russia could become a member of the World Trade Organization (WTO) within a year, the head of the EU delegation to Russia said, as Moscow planned to resume talks it suspended last year.
"What's left - there is no complexity in it," Fernando Valenzuela told Reuters this week. "If there is will on the Russian
side to go for the membership -- and of course that means also doing
the effort that has to be done -- then we think that it is a process
that could go relatively fast. "This could be done in one year," he said. Russia's
plans to join the WTO, running over 16 years, were suspended last year
when Prime Minister Vladimir Putin said Moscow would first create a
customs union with neighbors Kazakhstan and Belarus and the three would
join the WTO together. Analysts struggled to explain Putin's move, which came at a time when Russia
was closer to joining the WTO than ever. Some saw in it frustration at
the slow pace of talks, or Moscow's unwillingness to open its markets
at the peak of crisis. The WTO,
the EU and the United States said the move for the three states to join
together would be unprecedented and very complicated. The
creation of the customs union itself proved to be more complicated than
anticipated and the three countries have postponed its creation from
the planned launch date of July 1. On Tuesday, Russia said it would resume unilateral talks to join the WTO next month. "We
have nothing against the Customs Union," Valenzuela said. "Simply, the
process of acceding to the WTO -- if you try to accede as a customs
union of these countries -- that multiplies the complexity and the
difficulty extremely." Russia remains the largest economy still outside the 153-member body. "There
is an overall understanding that the process should be sped up," Galina
Martinkevich, deputy director of the foreign economic activity analysis
and regulation department at the Russian economic ministry.
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