Fifth Varshavyanka submarine joins Russia’s NavyMilitary & Defense October 26, 12:11
Russian Baltic Fleet frigate arrives in Cuba on visitMilitary & Defense October 26, 11:57
Air Defense drills involving various aircraft kick off in four CIS statesMilitary & Defense October 26, 11:34
MP Savchenko arrives in Moscow to attend hearing on Ukrainian nationalistsWorld October 26, 11:03
Contact Group’s subgroup meetings kick off in MinskWorld October 26, 11:02
Bulgaria and Russia sign agreement to settle debt on Belene NPP project — ministerBusiness & Economy October 26, 10:38
Russia honored all commitments on S-300 supplies to Tehran — ambassadorWorld October 26, 9:04
Kyrgyz president signs decree on government’s resignationWorld October 26, 8:47
Display of rare impressionist masterpieces from Russian collector wows Parisian art loversSociety & Culture October 26, 8:46
VIENNA, December 16 (Itar-Tass) —— Russia’s joining of the World Trade Organization (WTO) will give “a positive impetus to the world economy,” says a statement of the Austrian Minister of Economy Reinhold Mitterlehner, which was circulated here on Friday.
He believes that Russia’s membership in WTO will open up new prospects for Austrian business people on the Russian market. According to his information, last year Austrian exports to Russia grew by 21.6 percent to reach 2.5 billion euros. The figure for the first three quarters of the current year grew by 15 percent as against the 2010 figure to reach 2.2 billion euros.
Commenting on the discussion started at the 8th ministerial conference of the WTO member countries, Mitterlehner suggested the tightening of control by WTO over the putting up of trade barriers. “In connection with the threat of the spreading of the debt crisis to the real economic sector, a return to protectionism on the national level would be an absolutely wrong strategy,” he said.