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WTO Aims at Russia’s Center
Higher Economy School of Economic Development Ministry has elaborated a report about the consequences that will follow Russia’s entry to the WTO, announced Maxim Medvedkov, who is the country’s chief negotiator at the WTO talks. Opening markets for imported goods will hit local business in 22 regions, most of them located in central Russia, including Moscow and St. Petersburg.
The first big survey conducted under the aegis of the government and analyzing aftereffects of Russia’s joining the WTO has finally emerged in the country. The report was made out by Higher Economy School of Economic Development Ministry and the chief negotiator on WTO membership, Maxim Medvedkov, is said to have personally taken part in the work.
Although the report hasn’t been officially presented, some of its conclusions are no secret already. The economists divided the regions into two big groups. In the first group, the import share in internal turnover is great, but it isn’t significant in the second group. The purpose of the survey is to determine how the tougher competition with imported goods would affect competitiveness of local producers and budget receipts and to assess ability of redirecting the regional commodities’ flow to external suppliers.
The survey names 22 regions, where the local goods are forecasted to be pushed away from the market should Russia join the WTO. Of interest is that Moscow with its Moscow region and St. Petersburg are amid them. The markets of tea, coffee, cosmetics, tires and cars will be the most sensitive to the changes in import duties, the economic masterminds concluded.
www.kommersant.com
All the Article in Russian as of Nov. 01, 2007
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