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No tragedy, if Russia does not join WTO by yearend - Deputy PM

October 25, 2011, 17:33 UTC+3
Russia’s Deputy Prime Minister Sergei Ivanov sees no great tragedy in the risk Russia may not join the World Trade Organization by the end of 2011
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MOSCOW, October 25 (Itar-Tass) —— Russia’s Deputy Prime Minister Sergei Ivanov sees no great tragedy in the risk Russia may not join the World Trade Organization by the end of 2011.

He told the media on the sidelines of the forum Finnish Business in Moscow that Russia had practically “closed its negotiating dossier with the EU and the United States.”

“There remains only one question, and not an economic, but a political one,” Ivanov said. “The question is called Georgia.”

Ivanov believes that “if this problem is resolved by the end of the year, Russia will join the WTO.”

If not, the consultations will go on. He recalled that Russia had been trying to join the World Trade Organization for over seventeen years.

Finland’s EU Affairs and Foreign Trade Minister Alexander Stubb said that “admission to the WTO by the end of the year would be the best New Year and Christmas present for modern trade.”

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