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Russian fisheries need no extra support after admission to WTO - official

December 25, 2012, 23:02 UTC+3

"We are competitive and need no special state support," Krainy said

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MOSCOW, December 25 (Itar-Tass) —— The Russian fisheries industry needs no additional support after the country’s admission to the World Trade Organisation (WTO), Federal Fisheries Agency Head Andrei Krainy said on Tuesday, December 25.

“Our business, unlike that of agricultural producers, has become used to working without state support with up to 100 million roubles allocated per year to the whole industry. We are competitive and need no special state support,” Krainy said.

In his opinion, the biggest risk related to the WTO membership is in that cheap and low-quality products can inundate the Russian market. “There is a risk that we can he inundated with cheap and low-quality fish. We fear that a flow of cheap and low-quality fish can come pouring in across the Kazakh borders, primarily from China, although we have seen none of this so far,” Krainy said.

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