Media Coverage

Media Coverage

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| Russia’s WTO entry: one year on, business is disappointed

It took Russia 18 years to get into the World Trade Organisation, but as the first anniversary approaches many Russian businesses are starting asking why the government bothered. “The majority of Russian businesses have felt little or no change following Russian accession to the WTO in 2012,” Global Counsel consultancy said in a report released at the St Petersburg International Economic Forum last week. “The Russian authorities expect that the impact of new competition will begin to be felt after three to five years, but the full impact could take much of this decade to emerge.”

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