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All arrangements on Russia’s OECD accession should end by 2014

September 07, 2012, 3:31 UTC+3
By 2014 we should complete all major arrangements on our accession to the Organization for Economic Cooperation and Development
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VLADIVOSTOK, September 7 (Itar-Tass) — All arrangements on Russia’s accession to the Organization for Economic Cooperation and Development should be completed by 2014, First Deputy Prime Minister Igor Shuvalov told the APEC business summit on Friday.

“By 2014 we should complete all major arrangements on our accession to the Organization for Economic Cooperation and Development,” he said.

“Aside from ensuring advantageous and multilateral trade, the World Trade Organization created for Russia, for our domestic agenda a bridge to join the Organization for Economic Cooperation and Development,” he said. “Russia needs to join the OECD in the shortest possible timeframe and to join the OECD is possible only being a member of the WTO club.”

“Within the upcoming two years we need to modernize our legislation in such a way for it to meet the best standards of OECD member-states,” Shuvalov said.

He emphasized that aside from the legislation it would be necessary to ensure steadfast observation of this legislation.

“This will be a signal for investors,” he said.

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